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United States Sells Unique Wu-Tang Clan Album Forfeited by Convicted Hedge Fund Manager Martin Shkreli (to cover his debts) https://www.justice.g

 
Anonymous Coward
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07/27/2021 07:15 PM
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United States Sells Unique Wu-Tang Clan Album Forfeited by Convicted Hedge Fund Manager Martin Shkreli (to cover his debts) https://www.justice.g
[link to www.justice.gov (secure)]


FOR IMMEDIATE RELEASE
Tuesday, July 27, 2021
United States Sells Unique Wu-Tang Clan Album Forfeited by Convicted Hedge Fund Manager Martin Shkreli
Defendant Forfeited His Interest in the Album, “Once Upon a Time in Shaolin,” Following Conviction for Engaging in Securities Fraud Schemes

Proceeds from the Sale Will be Applied to Forfeiture Money Judgment Against Shkreli

United States Sells Unique Wu-Tang Clan Album Forfeited by Convicted Hedge Fund Manager Martin Shkreli

Earlier today, the United States sold the sole copy of the Wu-Tang Clan album “Once Upon a Time in Shaolin” (the “Album”) which had previously been ordered to be forfeited as a substitute asset in connection with the approximately $7.4 million forfeiture money judgment (Forfeiture Money Judgment) entered against Shkreli at his March 2018 sentencing. Proceeds from the sale of the Album will be applied to satisfy the outstanding balance owed on the Forfeiture Money Judgment. The contract of sale contains a confidentiality provision that protects information relating to the buyer and price.

Jacquelyn M. Kasulis, Acting United States Attorney for the Eastern District of New York, announced the
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Re: United States Sells Unique Wu-Tang Clan Album Forfeited by Convicted Hedge Fund Manager Martin Shkreli (to cover his debts) https://www.justice.g
tyrone1
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Re: United States Sells Unique Wu-Tang Clan Album Forfeited by Convicted Hedge Fund Manager Martin Shkreli (to cover his debts) https://www.justice.g
tyrone1
 Quoting: Anonymous Coward 80666933



WU TANG!







GLP