Feds want 'Pharma Bro' Martin Shkreli's Wu-Tang Clan album

Feds want 'Pharma Bro' Martin Shkreli's Wu-Tang Clan album

In addition to the Wu Tang Clan album, other substitute assets being eyed by the government include "The Carter V", a years-delayed and still-unreleased album by Lil Wayne.

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. Along with the disk set, which he bought two years ago for $2 million from the celebrated NY hip-hop group, the government said it may also seek a Picasso painting he owns, his Enigma machine from World War II, and his interest in Turing Pharmaceuticals AG. A Brooklyn jury deliberated five days before finding Shkreli guilty on Friday on three of eight counts.

Their seizure threats stem from prosecutors seeking money Shkreli owes after being convicted of defrauding investors.

He is now imprisoned in a Brooklyn jail after he was convicted of securities fraud in August.

"We will vigorously oppose the government motion", said Shkreli's lawyer Ben Brafman in an email to CNNMoney.

"Our position is clear", Brafman said in a statement Friday.

Prosecutors listed out assets that they can possibly take from Shkreli, also including his stake in Turing Pharmaceuticals and an Enigma machine, which was used in World War II as a code breaker. "These funds were, in essence, the life blood that fueled the fraud scheme".

Shkreli may no longer own the Wu Tang album, according to Bloomberg News. Shkreli later apologized and said he was joking. His sentencing is scheduled for next month.



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