It’s been quite the month for disgraced pharmaceutical exec Martin Shkreli. After his original “claim to fame” was jacking the price of an AIDS/cancer pill from $13.50 to $750 each, he then became known as the guy who purchased the one-of-one, $2 million Wu-Tang album, Once Upon A Time In Shaolin. Reveling in his newfound internet infamy, Shkreli then announced plans to bail out Bobby Shmurda. Things went left shortly afterward, however.
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As we reported, Shkreli was indicted by the FBI for $65 million worth of securities fraud. If prosecutors determine any of the $65 mil was used to purchase the album, they could immediately file a forfeiture action to seize it. And according to reports, it’s actually likely that the album will be a target, as it’s considered “an expensive asset that could easily be auctioned off to pay the restitution judgment.”
I’m interested to see where this goes!
Source: TMZ