Pharma Bro Forfeiture: Shkreli May Pay Millions, Lose Legendary Wu Tang Album

Pharma Bro Forfeiture: Shkreli May Pay Millions, Lose Legendary Wu Tang Album

Additionally, there was mention of Shkreli's copy of what may be "Tha Carter V", the lost double-album from rap legend Lil Wayne. A Brooklyn jury deliberated five days before finding Shkreli guilty on Friday on three of eight counts.

Martin Shkreli may have spun his last track on a one-of-a-kind album by the Wu-Tang Clan.

Because of weird 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.

Shkreli may no longer own the Wu Tang album, according to Bloomberg News.

Reviled "Pharma Bro" and securities fraudster Martin Shkreli may have to part with some serious cash-or prized possessions-after U.S. Attorney Bridget M. Rhode requested the courts impose a forfeiture of more than $7.3 million on the shameful son of Sheepshead Bay.

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Shkreli, infamous for hiking the price of a critical drug, Daraprim, was convicted August 4 in an unrelated trial of lying to investors in two hedge funds he used to run.

Shkreli's lawyer said on Friday that his client would fight the government's demand.

Shkreli's attorney, Ben Brafman, tells TMZ, "Our position is clear". They say the items authorities are trying to seize are $5 million in cash that is held in an E-Trade brokerage account, shares in Turing Pharmaceuticals, an Enigma machine as well as a Picasso painting.

He's scheduled to be sentenced January 16. "Accordingly, forfeiture of any assets is not an appropriate remedy", Brafman said. It had amassed bids of more than $1 million before Shkreli was remanded into custody in September for offering to pay his Facebook followers to grab Hillary Clinton's hair. Several of Shkreli's former investors have testified in the trial.

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