Proceeds from the sale will go toward a US$7.4\u002Dmillion forfeiture judgment that Shkreli faces after being convicted of securities fraud
Photo by Sam Hodgson/The New York Times filesThe U.S. government has sold the only copy of the Wu-Tang Clan’s “Once Upon a Time in Shaolin,” an album that had been owned by “Pharma Bro” Martin Shkreli.Article content
The price and identity of the buyer is being kept secret, per terms of the sale, according to a press release Tuesday from the acting U.S. Attorney for the Eastern District of New York. Proceeds from the sale will go toward a US$7.4 million forfeiture judgment that Shkreli faces after being convicted of securities fraud for his actions at two hedge funds he ran and as the chief executive officer of pharmaceutical company Retrophin Inc.