The U.S. sold the one-of-a-kind album by Wu-Tang Clan, ‘Once Upon a Time in Shaolin,’ owned by imprisoned drug company executive Martin Shkreli 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. He later bragged that he did not plan to listen to the album and purchased it to "keep it from the people." Prosecutors said they still possess two other Shkreli assets, a Phoenixus stake and a Pablo Picasso engraving, that could be applied toward a $2.6 million judgment against him in a separate Manhattan civil case.
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