United States Sells Unique Wu-Tang Clan Album Forfeited by Martin Shkreli
DannyB writes:
This comes straight from The United States Attorney's Office for the Eastern District of New York.
Tuesday, July 27, 2021
United States Sells Unique Wu-Tang Clan Album Forfeited by Convicted Hedge Fund Manager Martin Shkreli
Defendant Forfeited His Interest in the Album, "Once Upon a Time in Shaolin," Following Conviction for Engaging in Securities Fraud Schemes
Proceeds from the Sale Will be Applied to Forfeiture Money Judgment Against Shkreli
United States Sells Unique Wu-Tang Clan Album Forfeited by Convicted Hedge Fund Manager Martin Shkreli
Earlier today, the United States sold the sole copy of the Wu-Tang Clan album "Once Upon a Time in Shaolin" (the "Album") which had previously been ordered to be forfeited as a substitute asset in connection with the approximately $7.4 million forfeiture money judgment (Forfeiture Money Judgment) entered against Shkreli at his March 2018 sentencing. Proceeds from the sale of the Album will be applied to satisfy the outstanding balance owed on the Forfeiture Money Judgment. The contract of sale contains a confidentiality provision that protects information relating to the buyer and price.
I'm sure after this, Martin Shkreli will have learned his lesson.
"Through the diligent and persistent efforts of this Office and its law enforcement partners, Shkreli has been held accountable and paid the price for lying and stealing from investors to enrich himself. With today's sale of this one-of-a-kind album, his payment of the forfeiture is now complete," stated Acting U.S. Attorney Kasulis.
I'm sure they can let Martin Shkreli go free now.
See also:
More about Martin Shkreli
Previous coverage on SoylentNews.
Read more of this story at SoylentNews.