Feds Sell Pharma Bro's Prized Wu-Tang Album

Sale completes payment of Martin Shkreli's $7.4M forfeiture judgment
By Rob Quinn,  Newser Staff
Posted Jul 27, 2021 6:00 PM CDT
Feds Sell Pharma Bro's Prized Wu-Tang Album
This Thursday, Feb. 4, 2016 photo shows Martin Shkreli following his appearance before the House Committee on Oversight and Reform,   (AP Photo/Susan Walsh, File)

(Newser) – "Pharma bro" Martin Shkreli is serving a seven-year sentence for defrauding investors—and his prized one-of-a-kind Wu-Tang Clan album won't be waiting for him when he gets out. The government has sold the "Once Upon a Time in Shaolin" album, three years after it was forfeited as part of Shkreli's conviction, CNBC reports. Prosecutors declined to disclose the buyer or the sale price, but they said the sale had completed Shkreli's payment of a $7.4 million forfeiture judgment. Shkreli attorney Benjamin Branfman said the sale price was "substantially more than what Mr. Shkreli paid for it." No other physical or digital copies of the album are known to exist.

story continues below

"Shkreli has been held accountable and paid the price for lying and stealing from investors to enrich himself," said Jacquelyn M. Kasulis, Acting US Attorney for the Eastern District of New York, per NPR. "With today's sale of this one-of-a-kind album, his payment of the forfeiture is now complete." Shkreli paid a reported $2 million for the 31-track album in a 2015 auction. The Wu-Tang Clan later dissed Shkreli in a song and Wu-Tang member RZA said a "significant portion" of the album sale proceeds had been donated to charity. (Last year, a judge rejected Shkreli's "delusional" request to be released so he could study COVID-19.)

We use cookies. By Clicking "OK" or any content on this site, you agree to allow cookies to be placed. Read more in our privacy policy.
Get the news faster.
Tap to install our app.
Install the Newser News app
in two easy steps:
1. Tap in your navigation bar.
2. Tap to Add to Home Screen.