The feds have Martin Shkreli’s Wu-Tang album
A federal court is forcing Martin Shkreli to hand the Wu-Tang album Once Upon a Time in Shaolin over to the government. Shkreli, a pharmaceuticals CEO who earned the nickname “Pharma Bro” for cavalierly hiking the price of an HIV treatment, was convicted of securities fraud in August 2017.
Though he has yet to be sentenced, a judge ruled today that Shkreli must forfeit $7.36 million, part of which will come from boring assets that no one cares about, like an E-trade brokerage account, a Picasso painting, and an unreleased Lil Wayne album. More importantly, he will be giving up the Wu-Tang album, which he bought at auction in 2014 for $2 million, which was, according to a 2015 statement by Wu-Tang’s RZA, “well before Martin Shrkeli’s...