3002335, Federal Judge Orders Martin Shkreli to Forfeit Wu-Tang Clan Album - OKP
Posted by c71, Mon Mar-05-18 04:11 PM
http://www.okayplayer.com/music/who-has-the-2-million-dollar-wu-tang-album.html
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Federal Judge Orders Martin Shkreli to Forfeit Wu-Tang Clan Album
Maggie Serota // March 5, 2018
Judge Orders Martin Shkreli to Forfeit Wu-Tang CD
As part of his conviction for securities fraud, Judge Kiyo Matsumoto ordered Martin Shkreli to forfeit $7.36 million in assets, including the Wu-Tang Clan album Once Upon a Time in Shaolin, CNBC reports. “Pharma Bro” Shkreli paid $2 million for the lone copy of Once Upon a Time in Shaolin in 2015 through a private broker.
Other assets Shkreli will most likely have to fork over include the Lil’ Wayne album Tha Carter V, a Pablo Picasso painting, and his $5 million bond.
Shkreli is currently in jail awaiting sentencing on March 9. His conviction stems from charges that he defrauded investors in Retrophin, the pharmaceutical company he co-founded. He was ousted as CEO of the company in 2014.
Shkreli is facing upwards of 10 years in federal prison.
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