Shkreli's Wu-Tang Album Could Be Seized by US Prosecutors

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According to CNNMoney, Shkreli's prosecutors are seeking to seize $7.4 million in assets from Shkreli, who was convicted of securities fraud in August and later imprisoned. Among the listed assets are a Wu-Tang Clan's Once Upon A Time In Shaolin and Lil Wayne's The Carter V, the latter of which many doubted Shkreli actually owned and was just more trolling.

Because of freaky threats against Hillary Clinton, posted to Facebook after his conviction, Shkreli has been awaiting his sentencing date in the custody of Brooklyn's Metropolitan Detention Center.

Pharma Bro and rich headass Martin Shkreli's is the bane of Hip-Hop culture since he has his hands on exclusive Wu-Tang Clan and Lil Wayne albums. He was found not guilty on five other counts.

Shkreli paid $2 million for the only existing copy of the Wu-Tang album at an auction in 2015.

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Shkreli spent months previous year, in the lead-up to his criminal trial, in a unusual game of cat-and-mouse with Lil Wayne to acquire the album.

Prosecutors say Shkreli accessed millions of dollars during the periods of time he committed securities fraud, and should be forced to "forfeit those funds he would not have had but for his criminal offenses".

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

Shkreli is now in jail in Brooklyn and is scheduled to be sentenced on January 16, 2018. "Our position is clear". The album was put up for sale on eBay in September and appeared to have been sold for about $1 million, although no buyer has been identified. None of the investors lost any money and Martin did not personally benefit from any of the counts of conviction. Shkreli later apologized and said he was joking. "Accordingly, forfeiture of any assets is not an appropriate remedy".