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Top News In பெஞ்சமின் பிராஃப்மேன் Today - Breaking & Trending Today

Martin Shkreli may be allowed to keep his 'low-dollar Picasso' after Wu-Tang album sale covers debts

Lil Wayne s Tha Carter V album could be his to keep, too ....

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Wu-Tang Clan album sale pays off Martin Shkreli's court debt | iNFOnews | Thompson-Okanagan's News Source


Larry Neumeister
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)
July 27, 2021 - 5:47 PM
NEW YORK (AP) — An unreleased Wu-Tang Clan album forfeited by Martin Shkreli after his securities fraud conviction was sold Tuesday 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. ....

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Wu-Tang Clan album sale pays off Martin Shkreli's court debt - Medicine Hat NewsMedicine Hat News


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 YORK (AP) – An unreleased Wu-Tang Clan album forfeited by Martin Shkreli after his securities fraud conviction was sold Tuesday 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. ....

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U.S. Sells One-Of-A-Kind Wu-Tang Clan Album Forfeited by 'Pharma Bro' Martin Shkreli – NBC Los Angeles


Those assets had included the Lil Wayne album Tha Carter V, an engraving on paper by Pablo Picasso and $5 million held in an E-Trade brokerage account.
Shkreli s trial lawyer Benjamin Brafman in an email to CNBC confirmed that the balance of Shkreli s forfeiture was satisfied by the sale.
Brafman also wrote, I can also confirm that the sale price was substantially more than what Mr. Shkreli paid for it.
Brafman declined to answer whether Shkreli would receive any of the proceeds of the sale after the amount taken to satisfy the forfeiture.
Shkreli bought the Wu-Tang Clan album at auction for a reported $2 million in 2015 giving him the only copy of the record, and allowing the New York City resident total control of whether anyone else could listen to the music on it. ....

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U.S. sells 'Pharma Bro' Shkreli's unique Wu-Tang Clan album | 100.7 MIX-FM | Today's Hit Music


U.S. sells ‘Pharma Bro’ Shkreli’s unique Wu-Tang Clan album
By Syndicated Content
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 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 because of a confidentiality provision in the contract, prosecutors said. ....

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