Feds seek forfeiture of Shkreli’s stuff: Wu-Tang album, a Picasso, and more

Enlarge / Martin Shkreli outside federal court in Brooklyn, New York on Thursday, June 29, 2017. (credit: Getty | Bloomberg)

Late Thursday, federal prosecutors submitted a formal notice that they plan to seek civil forfeiture of many of Martin Shkreli’s assets, including the rare Wu-Tang Clan album Once Upon a Time in Shaolin, only one of which was ever produced.

In a 10-page court filing, prosecutors told the judge in the case that they will also try to seize $5 million of his money, his share of Turing Pharmaceuticals, a Lil Wayne album, a Picasso painting, and an Enigma machine.

In September 2017, Shkreli, who relishes the nickname "Pharma Bro," was ordered to jail after a federal judge in Brooklyn agreed with prosecutors’ assessments that his online antics justified his incarceration. He previously had been out on bail, awaiting sentencing following his August 2017 conviction on securities fraud charges.

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