Feds want Shkreli's Wu-Tang Clan album

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

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.

The so-called "Pharma Bro" - once dubbed the "most hated man in America" - was convicted of fraud in August and remains in custody after having his bail revoked over threatening comments made about Hillary Clinton on social media.

Splash News/NewscomLawyers for the USA government are asking a judge to order the forfeiture of millions of dollars' worth of noted "pharma bro" Martin Shkreli's assets, including an unreleased, one-of-a-kind Wu-Tang Clan album.

Brooklyn prosecutors asked the federal courts to seize more than $7 million in assets from the 34-year-old criminal. In a letter to judge Kiyo Matsumoto, who presided over the case, they said that this amount "represents a conservative computation of the proceeds Shkreli personally obtained as a result of his three different securities fraud crimes of conviction". They are also hoping to seize a Picasso painting and an original Enigma machine, which Shkreli has described as a "Nazi relic" as it was used by the German military in the second world war. The album was reportedly set for release before label drama between Wayne and Cash Money co-founder Birdman caused the album to be shelved.

Shkreli's attorney, Ben Brafman, tells TMZ, "Our position is clear". He then listed the item on eBay in a September 2017 auction, receiving bids in excess of $1 million, though it's unclear whether the purchase went through. "Accordingly, forfeiture of any assets is not an appropriate remedy".

Related News:



Most liked

Senate moves closer to vote on sweeping tax-reform bill
Trump administration officials and many Republicans have insisted the bill would pay for itself by stimulating the economy. On the individual side of the tax code, the top tax rate paid by the highest-income earners would be cut slightly.

Florida Teen Found in New York After Disappearing With Soccer Coach
Frisina and Rodriguez were spotted on cameras in Georgia on Sunday and then at a pawn shop in Fayetteville, North Carolina. Columbia County deputies say Rodriquez is now charged with interference in child custody.

Sauber reveals Alfa Romeo livery design
The covers were then pulled off a showcar, revealing a red and white livery, with a large Alfa Romeo logo on the engine cover. The Italian vehicle manufacturer is making a return to the sport after 30-years to sponsor the team.

A Second Harley Quinn Spin-Off With Margot Robbie Is In-Development
Robbie also says her Harley film will give the character some much-needed female friendships - a new squad, if you will. Word is Gavin O'Connor's Suicide Squad 2 will be the next to enter production early next year , so stay tuned.