Martin Shkreli May Have to Give up Infamous Wu-Tang’s Album
Federal prosecutors said Friday that Martin Shkreli, the former hedge fund manager notorious for raising the price of a critical drug, should forfeit more than $7 million in assets after being convicted of lying to investors.
Shkreli should turn over two rap albums — the only known copy of the Wu-Tang Clan’s “Once Upon a Time in Shaolin” and Lil Wayne’s “Tha Carter IV” — as well as $5 million in cash, interest in a company he started, Touring Pharmaceutical, and a Picasso painting, prosecutors said. They also asked that he give up a World War II-era Enigma code-breaking machine used against Nazi Germany.
Shkreli is being held at the Metropolitan Detention Center in Brooklyn, N.Y., while awaiting sentencing. The prosecutors’ request did not address how much time they believe he should serve. The most serious charges can lead to up to 20 years in prison.
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