Feds sell Martin Shkreli's one-of-a-kind Wu-Tang Clan album to anonymous buyer
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The United States government sold "Pharma Bro" Martin Shkreli's unique Wu-Tang Clan album this week, more than three years after the former hedge fund manager and pharmaceutical executive was convicted of securities fraud.
Shkreli, who rose to infamy after hiking the price of a life-saving drug by 5,000%, originally bought the sole copy of the 31-track double album, "Once Upon a Time in Shaolin," at an auction in 2015 for $2 million.
It was sold to an anonymous bidder for an undisclosed amount, but the U.S. Attorney's Office for the Eastern District of New York said it was enough to cover the rest of the $7.4 million forfeiture order that he faced following his conviction in 2018. Lawyers wrote in a civil case earlier this year in Manhattan federal court that Shkreli had already reduced the forfeiture debt by about $5 million.