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martin shkreli Tag

July 27, 2021
Latest News

Government Sells Martin Shkreli’s Wu-Tang Clan Album to Pay Debts

[ad_1] The United States Government has sold the one-of-a-kind Wu-Tang Clan album that convicted former pharmaceutical executive Martin Shkreli once owned to pay off Shkreli's debts.According to legal documents obtained by 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 Once Upon a Time in Shaolin album, which he purchased for $2 million and is the only copy to exist.The document also notes that "proceeds from...

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December 22, 2020
Latest News

Juror for Martin Shkreli’s Trial Was Reportedly Dismissed

[ad_1] A new report has revealed that potential jurors for former pharmaceutical executive Martin Shkreli's trial were dismissed from the courtroom over claims Shkreli made about the Wu-Tang Clan.According to an article in Elle magazine on (Dec. 20), during the very first day of Shkreli's trial in June of 2017, potential jurors were dismissed for claiming that he was "the face of corporate greed" and that "he disrespected the Wu-Tang Clan."If you recall, Shkreli, who is currently serving time in prison on federal charges of securities fraud, won Wu-Tang Clan's Once Upon a Time in Shaolin album in an auction and sold it on via Paddle8 on November 24, 2015 for $2 million.The album was the...

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