Only one copy of the album, 'Once Upon a Time in Shaolin' was ever produced.
A one-of-a-kind Wu-Tang Clan album that had been owned by jailed pharmaceutical executive Martin Shkreli has been sold by the federal government as part of civil forfeiture agreement he reached when he was convicted in 2017.
The proceeds of the sale will go to satisfy the $7.4 million forfeiture agreement Shkreli reached when he was convicted, according to the U.S. Attorney for New York’s Eastern District. He became infamous in 2015 for engineering a huge price hike for a long-existing medication for a sometimes life-threatening parasitic infection, earning the moniker, the “Pharma Bro.”
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Feds sell Martin Shkreli's Wu-Tang Clan albumThe Department of Justice announced Tuesday that the federal government sold the only copy of Wu-Tang Clan's unreleased album, “Once Upon a Time in Shaolin,' which was forfeited by former pharmaceutical executive Martin Shkreli after he was sentenced to seven years in prison in 2018.Why it matters: Shkreli, who was found guilty of wire and securities fraud and was heavily criticized for inflating the price of an AIDS drug by 5,000% overnight, bought the album in a 2015 auction for $2 million and
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U.S. sells 'Pharma Bro' Shkreli's unique Wu-Tang Clan albumThe 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.
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'Pharma Bro' Martin Shkreli's Wu-Tang Clan album sold to confidential buyerThe terms of the sale were confidential, as was the identity of the buyer, but the proceeds will be applied to the balance of the nearly $7.4 million Shkreli owes in forfeiture.
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That Martin Shkreli Wu-Tang Clan Album Now Belongs to Someone ElseThe Department of Justice has sold Martin Shkreli's $2 million, one-of-a-kind Wu-Tang Clan album.
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U.S. Sells Unique Wu-Tang Clan Album Owned by Martin ShkreliThe U.S. government found a buyer for the Wu-Tang Clan album owned by Martin Shkreli that had only one physical copy in existence
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