U.S. sells one-of-a-kind Wu-Tang Clan album owned by Martin Shkreli to pay off his debt

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U.S. sells one-of-a-kind Wu-Tang Clan album owned by Martin Shkreli to pay off his debt
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The one-of-a-kind Wu-Tang Clan album previously owned by former drug company CEO Martin Shkreli has been sold by the government in an effort to pay off his debts.

The 31-track Wu-Tang Clan album is held in a hand-carved nickel-silver box, along with a 174-page leather-bound manuscript"printed on gilded Fedrigoni Marina parchment."

The U.S. has sold the one-of-a-kind Wu Tang Clan album forfeited by former pharmaceutical executive Martin Shkreli to cover the cost of his debt.Proceeds from the album sale by the Justice Department will go toward Shrekli's debt, according to the U.S. Attorney's Office for Eastern New York. The record's purchase contract included a"confidentiality provision" that shrouds the identity of the buyer and amount of the sale.

"With today's sale of this one-of-a-kind album, his payment of the forfeiture is now complete," acting U.S. Attorney Jacquelyn M. Kasulis said. When Shkreli bought the album in 2015, the sale's contract provisions barred him from using it for"commercial" purposes for 88 years. Copyright protection lasts for the life of the author plus 70 years,Shkreli had already earned a negative reputation when he increased the cost of a lifesaving AIDS drug by about 5,000 percent when he was revealed as the album's buyer.

He later agreed to cut the price by 50 percent, to about $375 per pill, after intense public scrutiny.posted on Twitter in 2016, fulfilling a promise he had made to reveal some of his music collection if a Republican won the presidential election.: A previous version of this article misstated when Martin Shkreli was convicted. He was convicted in 2017, not 2018.

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