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This comes straight from The United States Attorney's Office for the Eastern District of New York.
Tuesday, July 27, 2021
United States Sells Unique Wu-Tang Clan Album Forfeited by Convicted Hedge Fund Manager Martin Shkreli
Defendant Forfeited His Interest in the Album, "Once Upon a Time in Shaolin," Following Conviction for Engaging in Securities Fraud Schemes
Proceeds from the Sale Will be Applied to Forfeiture Money Judgment Against Shkreli
United States Sells Unique Wu-Tang Clan Album Forfeited by Convicted Hedge Fund Manager Martin Shkreli
Earlier today, the United States sold the sole copy of the Wu-Tang Clan album "Once Upon a Time in Shaolin" (the "Album") which had previously been ordered to be forfeited as a substitute asset in connection with the approximately $7.4 million forfeiture money judgment (Forfeiture Money Judgment) entered against Shkreli at his March 2018 sentencing. Proceeds from the sale of the Album will be applied to satisfy the outstanding balance owed on the Forfeiture Money Judgment. The contract of sale contains a confidentiality provision that protects information relating to the buyer and price.
I'm sure after this, Martin Shkreli will have learned his lesson.
"Through the diligent and persistent efforts of this Office and its law enforcement partners, Shkreli has been held accountable and paid the price for lying and stealing from investors to enrich himself. With today's sale of this one-of-a-kind album, his payment of the forfeiture is now complete," stated Acting U.S. Attorney Kasulis.
I'm sure they can let Martin Shkreli go free now.
See also:
More about Martin Shkreli
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(Score: 4, Funny) by Mykl on Wednesday July 28 2021, @12:23AM (4 children)
Perhaps one of the Sackler [npr.org] family?
(Score: 0) by Anonymous Coward on Wednesday July 28 2021, @12:32AM (3 children)
I'm surprised there's a confidentiality agreement.
(Score: 3, Touché) by Rosco P. Coltrane on Wednesday July 28 2021, @03:29AM (2 children)
The US isn't too keen on disclosing how much it steals annually from its citizens through asset forteitures.
Although in the case of Shkreli, they could seize his left nut and I wouldn't shed a tear.
(Score: 2, Insightful) by Anonymous Coward on Wednesday July 28 2021, @05:19AM (1 child)
Yeah, but there's sort of a principle that government sales of assets should be by public auction to avoid corruption. You can keep the buyer(s) secret, but the auction and price paid should be public.
For all anybody knows it was sold for $5 to Hunter Biden.
(Score: 0) by Anonymous Coward on Wednesday July 28 2021, @04:43PM
$5 will be the price of Hunter's paintings [rumble.com]
(Score: 1, Funny) by Anonymous Coward on Wednesday July 28 2021, @12:32AM (1 child)
A man with priorities so far out of whack doesn't deserve such a fine album.
(Score: -1, Flamebait) by Anonymous Coward on Wednesday July 28 2021, @12:48AM
Wu-Tang albums are aural-aids. Shkreli definitely deserved it. They should have sent the smirking, psychopathic shithead to Gitmo and played him the album full blast for the duration of his sentence. There's no cruel and unusual punishment in karma, .
(Score: 0, Insightful) by Anonymous Coward on Wednesday July 28 2021, @12:47AM (2 children)
How does this help fixing the clusterfuck that is American healthcare?
(Score: 0) by Anonymous Coward on Wednesday July 28 2021, @12:51AM
Badakathcare is a right!
(Score: 2) by DannyB on Wednesday July 28 2021, @03:37PM
Some people simply do not want health care fixed.
1. Regulate it more.
2. Require universal coverage, even if it is not a single payer system.
3. Everyone must be eligible to be covered at some level of coverage / cost, even those who smoke or masturbate.
Item 1 should not be necessary. But 'capitalism' run amok has made it necessary. Like having laws against toxic pollution, I wish it were unnecessary, it should be unnecessary.
Item 2 is because people without insurance go to the ER for routine treatment, thus making the insured actually pay for their care. Hospitals have to inflate costs for the insured to make up the difference for treating the uninsured.
Item 3 is to enable item 2.
Various combinations of fixes are fought tooth and nail to keep the system broken.
When trying to solve a problem don't ask who suffers from the problem, ask who profits from the problem.
(Score: 0, Touché) by Anonymous Coward on Wednesday July 28 2021, @01:09AM (1 child)
And why the hell would the record be worth so much money if they aren't good enough that they can't sell but one album?
(Score: -1, Flamebait) by Anonymous Coward on Wednesday July 28 2021, @01:19AM
Nigger music.
(Score: -1, Offtopic) by Anonymous Coward on Wednesday July 28 2021, @02:35AM (7 children)
Shkreli is not getting out soon. His crime was never hiking the price of some drug or engaged in securities fraud.
His crime was telling people that Hillary Clitton had an incurable disease. He also made a joke about getting a hair from her head (pubes?) to prove that she had the disease.
Shkreli is kind of an expert in diseases, that is why they call him the pharma-bro. He figured out that the Hillary Clitton had the particular disease and told people about it.
Hillary Clitton was not happy and had him sent to prison.
(Score: 4, Touché) by helel on Wednesday July 28 2021, @03:07AM (3 children)
Hindsight is 20/20, but she still seems to be alive and well. It seems his skills in diagnosis aren't quite up to snuff.
(Score: 0) by Anonymous Coward on Wednesday July 28 2021, @05:09AM (2 children)
Eh? I've thought she was an undead lich - so "alive and well" is matter of perspective and interpretation. She is quite "alive and well" based on lichdom standards.
(Score: 0) by Anonymous Coward on Wednesday July 28 2021, @05:12AM
What's the litmus test for undead lich? Well if Donald Trump isn't groping it then its a good indicator.
(Score: 2) by DeathMonkey on Wednesday July 28 2021, @06:03PM
That's so crazy it just might....make it into the Trump 2024 campaign!
(Score: -1, Offtopic) by Anonymous Coward on Wednesday July 28 2021, @04:05AM
And he discovered her secret Benghazi emails and had to go to prison to avoid being just one more in the bodycount.
(Score: 2) by DannyB on Wednesday July 28 2021, @03:39PM
Hillary has bigger balls than Shkreli.
When trying to solve a problem don't ask who suffers from the problem, ask who profits from the problem.
(Score: 2) by DeathMonkey on Wednesday July 28 2021, @05:53PM
Slander and libel are crimes, yes.
(Score: 2) by MIRV888 on Wednesday July 28 2021, @04:14AM (4 children)
So how much did they get for the album?
(Score: 1) by dioxide on Wednesday July 28 2021, @02:08PM (3 children)
This is the only thing I'm interested in, and it isn't in the article.
(Score: 1) by dioxide on Wednesday July 28 2021, @02:21PM (2 children)
Oh they gave the album in exchange for the 7.4 million dollar fine.
(Score: 2) by Freeman on Wednesday July 28 2021, @04:14PM (1 child)
Still doesn't say how much it was sold for. Could have gone for $1.50, I mean probably not, but it was a government auction.
Joshua 1:9 "Be strong and of a good courage; be not afraid, neither be thou dismayed: for the Lord thy God is with thee"
(Score: 2) by Freeman on Wednesday July 28 2021, @04:18PM
https://en.wikipedia.org/wiki/Once_Upon_a_Time_in_Shaolin [wikipedia.org]
So, probably more than the $2M he paid for it.
Joshua 1:9 "Be strong and of a good courage; be not afraid, neither be thou dismayed: for the Lord thy God is with thee"
(Score: 1) by dioxide on Wednesday July 28 2021, @02:23PM
The buying party also agrees that at any time during the stipulated 88 year period, the seller may legally plan and attempt to execute one (1) heist or caper to steal back Once Upon A Time In Shaolin, which, if successful, would return all ownership rights to the seller. Said heist or caper can only be undertaken by currently active members of the Wu-Tang Clan and/or actor Bill Murray, with no legal repercussions.
(Score: 0) by Anonymous Coward on Wednesday July 28 2021, @08:03PM (1 child)
If you steal money you don't just get to give it back and go free you dipshit. Are you fucking retarded?
(Score: 0) by Anonymous Coward on Tuesday August 03 2021, @02:53PM
have you ever heard of poe's law