Lil Wayne & Wu-Tang Albums Could Be Seized From Martin Shkreli

The Governments Wants To Seize Martin Shkreli's One-Of-A-Kind Wu Tang Album

On Friday, prosecutors asked the court to slap Shkreli with a $7.4 million fine, while identifying "substitute assets" he could surrender to cover the total cost.

Martin Shkreli might have to hand over his one-of-a-kind Wu-Tang album, and Lil Wayne's "Tha Carter V" if the feds get their way - but that's the least of his problems.

Pharma bro Martin Shkreli has had a bit of a rough year.

Convicted former pharmaceutical executive Martin Shkreli should forfeit his copy of Wu-Tang Clan's "Once Upon a Time in Shaolin", rumored to be the album's only copy, as part of $7.4 million in assets federal prosecutors in Brooklyn are attempting to seize, according to a court filing.

The Governments Wants To Seize Martin Shkreli's One-Of-A-Kind Wu Tang Album
Feds want to seize Martin Shkreli's $2 million Wu-Tang Clan album

Finally, the letter names a Picasso painting and the Enigma Code Machine, a famed device used to transmit encrypted messages in World War II, as two more assests the price-gouging convict should have to sell in order to pay up.

In a "conservative computation of the proceeds Shkreli personally obtained as a result of his three different securities fraud crimes of conviction", the recommendation calls for three forfeitures for Shkreli, in amounts pf $2,998,000, $3,403,450 and $960,000 respectively for three different counts of securities fraud.

Shkreli's purchase of the album has caused controversy among music fans, particularly after he taunted them by live-streaming short excerpts of the album to YouTube from his Manhattan apartment. "Accordingly, forfeiture of any assets is not an appropriate remedy", Brafman said. At one point, he put the album up for sale on Ebay, where it amassed bids upwards of $1 million, but it still appears to be in his possession at the time of writing.

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