Former pharmaceutical executive Martin Shkreli, convicted last year of two counts of securities fraud and a related conspiracy charge and awaiting sentencing, has been ordered to forfeit more than $7.36 million in assets.
The total amount includes the one-of-a-kind Wu-Tang Clan album “Once Upon a Time in Shaolin,” which Shkreli said he bought for $2 million; an unreleased Lil Wayne album that he purchased for an undisclosed amount and a Pablo Picasso painting.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]