
Remember sleazy Martin Shkreli? Sorry sorry. I meant “Pharma Bro.” He’s been ordered to PAY UP.
Convicted felon Martin Shkreli must forfeit $7.36 million and turn over his stake in an ultra-rare Wu-Tang Clan album, a judge ruled. pic.twitter.com/kAzkCAruEW
— CNBC (@CNBC) March 5, 2018
“Pharma Bro” Martin Shkreli will have to forfeit more than $7.3 million in assets that include his one-of-a-kind Wu-Tang Clan album as part of his punishment in his securities fraud case, a judge ruled Monday.
U.S. District Judge Kiyo Matsumoto issued the order against the jailed Shkreli four days before he is to face sentencing for his conviction last year on charges he cheated wealthy investors in two failed hedge funds he was managing.
Along with the Wu-Tang Clan “Once Upon a Time in Shaolin” album that Shkreli has boasted he bought for $2 million, he would have to give up $5 million in cash in a brokerage account. He also would be forced to forfeit other valuables including a Picasso painting and another unreleased recording that he claims he owns, “Tha Carter V” by Lil Wayne.
The judge said the assets won’t be seized until Shkreli has a chance to appeal. His lawyer didn’t immediately respond to a request for comment.
Precisely NO ONE feels bad for him.
Martin Shkreli ordered to forfeit $7.36 million in assets — including the very rare Wu-Tang Clan album he paid $2 million for and a Picasso painting. If you don’t remember, he’s the guy who once raised the price of a drug from $13.50 to $750. pic.twitter.com/SJpAdQE9R5
— Joel Franco (@OfficialJoelF) March 5, 2018
Finally we'll get to hear this Wu-Tang album…it's literally the only use this dude had
— Ken (@ThunderGawdKen) March 5, 2018
— chantal claret (@chantalclaret) March 5, 2018
Mr. Shkreli can still take some comfort in rapping along with Wu-Tang Clan, at least. Might I suggest "And the flow solitary, just me behind the bars…"?#AboutTime #TuringPharmaceuticals #shkreli #WuTang #wutangforever
— the insubordinate (@theinsubordin8) March 5, 2018
"Pharma Bro" Martin Shkreli must forfeit his Wu Tang album to the United States government, per federal judge's orders today: https://t.co/vFUXE73m5A
— erica orden (@eorden) March 5, 2018
NEW: Federal judge orders "Pharma Bro" Martin Shkreli to forfeit nearly $7.4 million—including his one-of-a-kind Wu Tang album & Picasso painting—to the US government, per prosecutors' request https://t.co/FAwmk1eQaj pic.twitter.com/598yHUOIwY
— Anna Massoglia (@annalecta) March 5, 2018
The only things in life that are certain are death, taxes and that there's no such thing as too much bad news for Martin Shkreli. https://t.co/gFyywjokoW
— Adam Best (@adamcbest) March 5, 2018
I’m sorry, but this is the news. The Wu Tang album is the goin’ to the Feds.