A Nigerian Instagram influencer, Ramon Olorunwa Abbas, popularly known as Hushpuppi, has pleaded guilty to charges that include money laundering, wire fraud, felony amongst others, brought against him by the United States District Court for the Central District of California.
Hushpuppi admitted in the United States to taking part in a scam to steal over $1.1 million from a business person attempting to finance the construction of a school in Qatar, according to the U.S. Justice Department.
The US Attorney’s Office in Los Angeles said in a statement that Ramon Abbas, 37, pleaded guilty on April 20, according to documents ordered unsealed on Wednesday.
XXL on Tuesday (July 27), Shkreli was ordered to forfeit $7.4 million in assets after being found guilty of securities fraud back in 2018 after obtaining the manufacturing license for the drug Daraprim and inflating the price from $13.50 to $750 per pill. He was later sentenced to seven years in prison.
Shkreli s forfeited assets includes his copy of Wu-Tang s
The document also notes that proceeds from the sale of the album will be applied to satisfy the outstanding balance owed on Martin Shkreli s Forfeiture Money Judgment. Additionally, the doc adds, The contract of sale contains a confidentiality provision that protects information relating to the buyer and price.
The United States has sold the only copy of the Wu-Tang Clan album
Once Upon a Time in Shaolinto an anonymous buyer. The price of the sale was also kept confidential.
The album was previously owned by Martin Shkreli, the infamous Pharma Bro who raised the price of a life-saving drug by 5,000 percent and was later convicted of securities fraud and sentenced to seven years in prison. He was forced to hand it over to the United States in 2018 as a part of a $7.4 million forfeiture judgement.
The announcement was made today by Jacquelyn M. Kasulis, the Acting United States Attorney for the Eastern District of New York. Shkreli has been held accountable and paid the price for lying and stealing from investors to enrich himself, said Kasulis. With today s sale of this one-of-a-kind album, his payment of the forfeiture is now complete.
Once Upon a Time in Shaolin.
The unreleased album, which was seized from convicted pharmaceutical CEO Martin Shkreli, was sold Tuesday to an anonymous buyer for an undisclosed amount, according to a press release from the acting U.S. Attorney for the Eastern District of New York.
Proceeds from the sale will go toward a $7.4 million forfeiture judgment that Shkreli was required to pay as a result of his securities fraud conviction in 2018.
“Shkreli has been held accountable and paid the price for lying and stealing from investors to enrich himself,” said Jacquelyn M. Kasulis, the Acting United States 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.”
Congressional Medal of Bravery awarded to 4 Virginia Beach officers: I think about it every day wtvr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wtvr.com Daily Mail and Mail on Sunday newspapers.