Notorious Pharma Bro Martin Shkreli is currently locked up, awaiting sentencing on three felony accounts of security fraud. On Thursday (Nov. 30), Brooklyn prosecutors asked the federal courts to seize more than $7 million in assets from the 34-year-old criminal. In addition to his $5 million in bail, the government included his Picasso painting, Lil Wayne’s Tha Carter V and Wu-Tang Clan’s Once Upon a Time in Shaolin amongst other items as possibilities for forfeiture.
The former Biotech CEO became known in the public eye after purchasing the elusive Wu album for about $2 million, but Bloomberg News is reporting someone may have sold the project on eBay while Shkreli was locked up for $1 million, even though the buyer is still unidentified.
Shkreli previously played cuts from both LPs while live-streaming shortly after his own conviction. The Brooklyn native got his hands on Tha Carter V after a third party discovered the project in a Bugatti Veyron that Wayne had sold.
Shkreli’s lawyer relayed his client’s position in an email obtained by Bloomberg News. “We will vigorously oppose the government motion,” said Benjamin Brafman. “Our position is clear. None of the investors lost any money and Martin did not personally benefit from any of the counts of conviction. Accordingly, forfeiture of any assets is not an appropriate remedy.”
Stay tuned, as the two exclusive projects could soon be freed.
— David Mack (@davidmackau) December 1, 2017