Martin Shkreli Ordered to Forfeit $7.4 Million in Assets, Including Wu-Tang Album

The Associated Press

Pharmaceutical entrepreneur Martin Shkreli, who was jailed last September, has been ordered to forfeit $7.4 million in assets including his famous one-of-a-kind Wu-Tang Clan album.

According to the New York Post, “Brooklyn federal court Judge Kiyo Matsumoto gave the green light” for the seizure of $7.4 million in assets, including the “sole copy of Wu-Tang’s Once Upon a Time in Shaolin that Shkreli purchased for $2 million,” Lil Wayne’s Tha Carter V album, and “an unidentified Picasso painting.”

“In addition, Shkreli must forfeit $5 million in cash he has sitting in an E*Trade brokerage account,” the New York Post reported, adding, “Shkreli could face a sentence of 27 years or more, under federal sentencing guidelines, at his sentencing March 9.”

Shkreli was jailed last September after he made an allegedly satirical post on Facebook offering $5,000 to anyone who could retrieve a lock of failed presidential candidate Hillary Clinton’s hair, and he is now facing charges of securities fraud.

As previously reported, “During Shkreli’s trial in June, 250 potential jurors had to be dismissed for holding biases against him. Several jurors were not aware of what charges Shkreli faced and seemed to think it was in response to his controversial drug price increases.”

One potential juror was dismissed after calling Shkreli “a greedy little man,” while another was dismissed for claiming “he kind of looks like a dick.”

Other potential jurors were even dismissed for holding negative biases against Shkreli because he had “disrespected” popular hip hop group “The Wu-Tang Clan.”

In 2016, Shkreli contributed an art piece to Lucian Wintrich’s pro-Trump art show in New York City, while last year, he marched against left-wing violence at UC Davis.

Last year, Shkreli was also permanently suspended from Twitter after he publicly flirted with a left-wing journalist.

Charlie Nash is a reporter for Breitbart Tech. You can follow him on Twitter @MrNashington, or like his page at Facebook.


Please let us know if you're having issues with commenting.