Hip Hop Gossip

Judge Orders Martin Shkreli To Forfeit "Once Upon A Time In Shaolin" Wu-Tang Clan Album

Brooklyn, NY – Martin Shkrelimustgive up the lone copy Wu-Tang Clan’s Once Upon A Time In Shaolin album. U.S. District Judge Kiyo Matsumoto ordered the infamous “Pharma Bro” to forfeit $7.36 million — including the LP — to the federal government as a result his fraud conviction, according to CNBC.

The Wu-Tang Clan album is part a set “substitute assets” that Shkreli will forfeit to satisfy the amount owed. His copy Lil Wayne’s unreleased Tha Carter V is also among these assets, which include a Pablo Picasso painting and $5 million from an E-Trade account used to secure his bail.

The seizure Once Upon A Time In Shaolin comes after the project made headlines yet again in 2017 when Shkreli attempted to auction it f on eBay. Although there were serious fers to purchase the album, as previously reported by HipHopDX, no sale occurred and Shkreli maintained ownership the LP.

This one–a-kind album, which was spearheaded by Wu-Tang affiliate Cilvaringz, was originally purchased by Shkreli for $2 million in 2015. The project’s ultimately unsuccessful sale on eBay last year had a winning bid over $1 million.

Shkreli was convicted securities fraud in August 2017. His sentencing takes place on Friday (March 9).