The U.S. government said it sold imprisoned drug company executive Martin Shkreli's one-of-a-kind album by Wu-Tang Clan to pay off the $7.36 million he was ordered to forfeit after being convicted of fraud.
In a letter to U.S. District Judge Kiyo Matsumoto, who oversaw Shkreli's 2017 trial in Brooklyn, prosecutors said the forfeiture amount has been fully satisfied following the sale of the album "Once Upon a Time in Shaolin" and other asset sales.
Shkreli, 38, paid $2 million for Wu-Tang Clan's only copy of "Shaolin" at an auction by the hip-hop group. Benjamin Brafman, a lawyer for Shkreli, in an email said he was pleased the forfeiture obligation was satisfied, and that the album's sale price was "substantially more" than what Shkreli paid.
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