U.S. Sells Unique Wu-Tang Clan Album Owned by Martin Shkreli

The U.S. government on Tuesday said it had sold a unique Wu-Tang Clan album previously owned by former pharmaceutical executive Martin Shkreli, who was convicted of securities fraud in 2017.

The sale of the album, titled “Once Upon a Time in Shaolin,” will cover the balance of the $7.4 million in forfeiture that a judge ordered Mr. Shkreli to pay at a 2018 sentencing where he was also, federal prosecutors said. The sale contract includes a confidentiality provision that protects information about the price and buyer, according to federal prosecutors in Brooklyn, where Mr. Shkreli was tried.

Mr. Shkreli has said he paid $2 million for the album—of which only one physical copy exists—at an auction in 2015. “Shkreli has been held accountable and paid the price for lying and stealing from investors to enrich himself,” said Jacquelyn Kasulis, acting U.S. attorney for the Eastern District of New York, the office that brought the criminal case. “With today’s sale of this one-of-a-kind album, his payment of the forfeiture is now complete.”

Ben Brafman, a lawyer for Mr. Shkreli, said he was pleased that his client had satisfied his forfeiture obligation. “We are also pleased that he was able to sell the album for a price that is substantially more than that which he paid for it,” Mr. Brafman added.

Raekwon

how did they sell this? why wasn't anyone notified. I mean do they have selected bidders. I cant read the article.

🇧🇷🇧🇷🇺🇸 🇧🇷🇧🇷🇺🇸The patriot Karol do Brasil calls on the Brazilian people to fight for elections with printed and auditable votes in Brazil, to avoid the same fraud that happened in the USA in 2020.

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