An unreleased Wu-Tang Clan album forfeited by Martin Shkreli after his securities fraud conviction was sold Tuesday for an undisclosed sum, though prosecutors say it was enough to fully satisfy the rest of what he owed on a US$7.4 million forfeiture order he faced after his 2018 sentencing.
The entrepreneur known as "Pharma Bro" once boasted that he paid $2 million in 2015 at auction for "Once Upon a Time in Shaolin," the 31-track double album the multiplatinum rap group spent six years creating.
Authorities said the sales contract for the album contained a confidentiality provision that protects information relating to the buyer and price. Shkreli's lawyer, Brianne E. Murphy, said she spoke to Shkreli late Tuesday and he said he is "pleased with the sale price and RIP ODB," a reference to Russell Tyrone Jones, known as Ol' Dirty Bastard, a founding member of the nine-man Clan who died of an accidental drug overdose in 2004.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Wu-Tang Clan album sale pays off ‘Pharma Bro’ Martin Shkreli’s court debtAn unreleased Wu-Tang Clan album forfeited by Martin Shkreli after his securities fraud conviction has been sold for an undisclosed sum, which prosecutors say was enough to pay off the rest of what he owed on a US$7.4-million forfeiture order
Read more »
Sole copy of Wu-Tang album owned by Martin Shkreli sold by U.S. governmentProceeds from the sale will go toward a US$7.4\u002Dmillion forfeiture judgment that Shkreli faces after being convicted of securities fraud
Read more »
Wu-Tang Clan album sale pays off ‘Pharma Bro’ Martin Shkreli’s court debtAn unreleased Wu-Tang Clan album forfeited by Martin Shkreli after his securities fraud conviction has been sold for an undisclosed sum, which prosecutors say was enough to pay off the rest of what he owed on a US$7.4-million forfeiture order
Read more »
Sole copy of Wu-Tang album owned by Martin Shkreli sold by U.S. governmentProceeds from the sale will go toward a US$7.4\u002Dmillion forfeiture judgment that Shkreli faces after being convicted of securities fraud
Read more »
Robinhood to 'democratize' IPO, selling up to third of shares directly to retail investorsStock sale will put trading app\u0027s customers on \u0027equal footing\u0027 with Wall St. insiders
Read more »