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Martin Shkreli had the only copy of a Wu-Tang Clan album. The U.S. government just sold it ...
Pop Culture
Martin Shkreli had the only copy of a Wu-Tang Clan album. The U.S. government just sold it to cover his debt.
By Sonia Rao
Today at 4:24 p.m. EDT
The exclusive Wu-Tang Clan album once belonging to former hedge fund manager Martin Shkreli was sold Tuesday to an unnamed buyer, according to federal prosecutors. Shkreli, who was convicted of securities fraud and conspiracy, forfeited the album after his sentencing three years ago.
The money from the sale covered the remainder of a roughly $7.4 million debt Shkreli owed the government as part of his sentencing in March 2018, according to a Department of Justice news release. Because of a confidentiality agreement between prosecutors and the buyer, the release did not disclose how much the album sold for.
“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,” said Jacquelyn M. Kasulis, acting U.S. attorney for the Eastern District of New York. “With today’s sale of this one-of-a-kind album, his payment of the forfeiture is now complete.”
{snip}
By Sonia Rao
Sonia Rao is a pop culture reporter. She attended Boston University and wrote for the Boston Globe before coming to The Post in 2017. She officially joined the features department in 2019. Twitter https://twitter.com/misssoniarao
Martin Shkreli had the only copy of a Wu-Tang Clan album. The U.S. government just sold it to cover his debt.
By Sonia Rao
Today at 4:24 p.m. EDT
The exclusive Wu-Tang Clan album once belonging to former hedge fund manager Martin Shkreli was sold Tuesday to an unnamed buyer, according to federal prosecutors. Shkreli, who was convicted of securities fraud and conspiracy, forfeited the album after his sentencing three years ago.
The money from the sale covered the remainder of a roughly $7.4 million debt Shkreli owed the government as part of his sentencing in March 2018, according to a Department of Justice news release. Because of a confidentiality agreement between prosecutors and the buyer, the release did not disclose how much the album sold for.
“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,” said Jacquelyn M. Kasulis, acting U.S. attorney for the Eastern District of New York. “With today’s sale of this one-of-a-kind album, his payment of the forfeiture is now complete.”
{snip}
By Sonia Rao
Sonia Rao is a pop culture reporter. She attended Boston University and wrote for the Boston Globe before coming to The Post in 2017. She officially joined the features department in 2019. Twitter https://twitter.com/misssoniarao
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