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U.S. sells 'Pharma Bro' Shkreli's Wu-Tang Clan album By Jonathan Stempel Reuters NEW YORK (Reuters) -The U.S. government said it sold imprisoned drug company executive Martin Shkreli's one-of-a-kind album by Wu-Tang Clan to pay off the $7.36 million he was ordered to forfeit after being convicted of fraud. In a letter to U.S. District Judge Kiyo Matsumoto, who oversaw Shkreli's 2017 trial in Brooklyn, prosecutors said the forfeiture amount has been fully satisfied following the sale of the album, "Once Upon a Time in Shaolin," and other asset sales. The sale price and buyer were not disclosed...

U.S. sells ‘Pharma Bro’ Shkreli’s Wu-Tang Clan album FILE PHOTO: Former drug company executive Martin Shkreli exits U.S. District Court after being convicted of securities fraud, in the Brooklyn borough of New York City, U.S., August 4, 2017. REUTERS/Carlo Allegri July 28, 2021 By Jonathan Stempel NEW YORK (Reuters) -The U.S. government said it sold imprisoned drug company executive Martin Shkreli’s one-of-a-kind album by Wu-Tang Clan to pay off the $7.36 million he was ordered to forfeit after being convicted of fraud. In a letter to U.S. District Judge Kiyo Matsumoto, who oversaw Sh...

The United States government sold the only copy in existence of the Wu-Tang Clan’s Once Upon a Time in Shaolin, once owned by Martin Shkreli, a press release shared by the United States Attorney’s Office confirmed. Featured Video Hide Known as the notorious “Pharma Bro” who is currently serving a seven-year prison sentence for securities fraud, Shkreli owned the unique album until it was handed over to government officials after he was convicted. Advertisement Hide It’s still unclear how much the album sold for or who it was sold to. However...

FILE - This April 21, 2013, file photo shows Robert Fitzgerald Diggs, aka RZA, left, and Clifford Smith, aka Method Man, of Wu-Tang Clan, right, performing at the second weekend of the 2013 Coachella Valley Music and Arts Festival in Indio, Calif. An unreleased Wu-Tang Clan album forfeited by Martin Shkreli after his securities fraud conviction was sold Tuesday, July 27, 2021, for an undisclosed sum, though prosecutors say it was enough to fully satisfy the rest of what he owed on a $7.4 million forfeiture order he faced after his 2018 sentencing. (Photo by John Shearer/Invision/AP, File) NEW...

An unreleased Wu-Tang Clan album forfeited by Martin Shkreli after his securities fraud conviction was sold today for an undisclosed sum, though prosecutors say it was enough to fully satisfy the rest of what he owed on a $10 million forfeiture order he faced after his 2018 sentencing. The entrepreneur known as “Pharma Bro” once boasted that he paid $2.7 million in 2015 at auction for “Once Upon a Time in Shaolin,” the 31-track double album the Wu-Tang Clan spent six years creating. "With today’s sale of this one-of-a-kind album, his payment of the forfeiture is now c...