Published: Sat, December 02, 2017
Entertaiment | By Minnie Bishop

Pharma Bro Forfeiture: Shkreli May Pay Millions, Lose Legendary Wu Tang Album

Pharma Bro Forfeiture: Shkreli May Pay Millions, Lose Legendary Wu Tang Album

According to docs, obtained by TMZ, prosecutors are going after Martin's assets - totaling almost $7.4 million - to pay down what he owes in restitution after getting convicted of defrauding investors.

Buzzfeed reports that prosecutors have filed a forfeiture submission in Brooklyn federal court to seize multiple assets from Shkreli which is a standard practice following a successful conviction.

Martin Shkreli, left, talks with reporters while standing next to his attorney Benjamin Brafman after leaving federal court in NY on August 4, 2017. A Brooklyn jury deliberated five days before finding Shkreli guilty on Friday on three of eight counts.

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. And what about Once Upon a Time in Shaolin?

Burqa-clad militants kill nine in Pakistan
The KP police said that all terrorists were neutralised after a successful clearance operation by the security forces. The area where the incident occurred is a hub for educational institutions including the University of Peshawar .

The government said it would like to keep the $5 million that Shkreli paid in bail, and listed other assets, including the Wu-Tang album, a Lil Wayne album "The Carter V", a Picasso painting and an Enigma machine from World War II, that could make up the difference, according to court documents.

Prosecutors say Shkreli accessed millions of dollars during the periods of time he committed securities fraud, and should be forced to "forfeit those funds he would not have had but for his criminal offenses".

No one is asking the real question: what happens to the albums?

Greebel's defense hinges on casting the lawyer as an unwitting pawn of Shkreli's machinations.

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