Martin Shkreli, the pharma-bro-villain that drew the public’s scorn for raising the price of some important medications hundreds of times over, has been forced to give up the on-off Wu-Tang Clan album that cost him millions of dollars at auction.
U.S. Judge Kiyo Matsumoto ordered Shkreli to forfeit over $7 million to the government because of a fraud conviction, which includes the LP.
According to HipHoDX:
The Wu-Tang Clan album is part of a set of “substitute assets” that Shkreli will forfeit to satisfy the amount owed. His copy of Lil Wayne’s unreleased Tha Carter V is also among these assets, which include a Pablo Picasso painting and $5 million from an E-Trade account used to secure his bail.
The pharmaceutical executive tried to auction off the album on eBay, but no sale occurred. Shkreli, convicted of securities fraud in August 2017, bought “Once Upon A Time in Shoalin” back in 2015, but will be sentenced this Friday, March 9th.