Published: Sat, December 02, 2017
Culture&Arts | By Darrell Mcdonald

Martin Shkreli Feds Want Wu-Tang, Lil Wayne Albums

Martin Shkreli Feds Want Wu-Tang, Lil Wayne Albums

Convicted former pharmaceutical executive Martin Shkreli should forfeit his copy of Wu-Tang Clan's "Once Upon a Time in Shaolin", rumored to be the album's only copy, as part of $7.4 million in assets federal prosecutors in Brooklyn are attempting to seize, according to a court filing.

They also asked for $5 million in cash that was held in an E*Trade account as security for Shkreli's bond; Shkreli's shares of Turing Pharmaceuticals, the drug company that rocketed him to infamy for raising the price of the medicine Daraprim; the Lil Wayne album "Tha Carter V;" an Enigma machine and a Picasso painting.

Shkreli previously played cuts from both LPs while live-streaming shortly after his own conviction.

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Shkreli is now in jail in Brooklyn and is scheduled to be sentenced on January 16, 2018. A listing for the album was posted on eBay and allegedly sold for $1 million in September - while Shkreli was in prison - though the buyer was never identified. Shkreli later apologized and said he was joking. A satirical musical was produced and performed in Manhattan lampooning Shkreli's purchase of it, and a book on the "untold story" of the album by author Cyrus Bozorgmehr has also been published. "Our position is clear".

Shkreli's lawyer is arguing since of his investors lost any money, he shouldn't have to give anything up.

Assistant U.S. Attorney Claire Kedeshian calls the figure a "conservative computation" of the amount Shkreli should be made to forfeit after he was found guilty in August of three counts. "Accordingly, forfeiture of any assets is not an appropriate remedy", Brafman said. Several of Shkreli's former investors have testified in the trial.

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