Feds Want to Seize Shkreli's Exclusive Copy of Wu-Tang Album

Feds Want to Seize Shkreli's Exclusive Copy of Wu-Tang Album

A Brooklyn jury deliberated five days before finding Shkreli guilty on Friday on three of eight counts.

Prosecutors are also asking for the album Once Upon a Time in Shaolin by Wu-Tang Clan, the only one in existence, which Shkreli purchased for $2m in 2015; a copy of Lil Wayne's unreleased album, The Carter V; a Nazi Enigma code-breaking machine from World War II; and $5m in cash from an E*Trade brokerage account.

Shkreli's attorney, Ben Brafman, tells TMZ, "Our position is clear".

A 34-year-old pharmaceutical executive who is best known for jacking the price of life-saving AIDS drug Daraprim by 5,000 percent in 2015, Shkreli faces up to 20 years in prison when he is sentenced in January.

In a report from TMZ, they say the government wants Shkreli to hand over the one-of-one Wu-Tang Clan album and Wayne's album.

It had amassed bids of more than $1 million before Shkreli was remanded into custody in September for offering to pay his Facebook followers to grab Hillary Clinton's hair.

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Even after being convicted, Shkreli struggled to repress his quirky instincts and to stay off social media. "Accordingly, forfeiture of any assets is not an appropriate remedy", he said in a statement.

Shkreli spent months previous year, in the lead-up to his criminal trial, in a odd game of cat-and-mouse with Lil Wayne to acquire the album.

Martin Shkreli, CEO of Turing Pharmaceutical, being arrested on securities fraud allegations. They also list a painting by Pablo Picasso, which we assume is very nice.

Shkreli's counsel, private attorney Benjamin Brafman, could not be reached for comment.

Shkreli, infamous for hiking the price of a critical drug, Daraprim, was convicted August 4 in an unrelated trial of lying to investors in two hedge funds he used to run.

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