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…
Authorities said the sales contract for the album contained a confidentiality provision that protects information relating to the buyer and price.
In a civil case in Manhattan federal court, lawyers wrote in an April document that Shkreli had already reduced his forfeiture debt by about $5 million. Shkreli’s lawyer, Brianne E. Murphy, said she spoke to Shkreli late Tuesday and he said he is “pleased with the sale price and RIP ODB,” a reference to Russell Tyrone Jones, known as Ol’ Dirty Bastard, a founding member of the nine-man Clan who died of an accidental drug overdose in 2004.
Shkreli’s purchase of the Wu-Tang Clan album came as group member RZA said he wanted the album — packaged in a hand-crafted silver and nickel case which includes a 174-page book wrapped in leather — to be viewed as a piece of contemporary art.In its debut week in 2008, the rapper’sIn 2017, Shkreli was convicted of lying to investors and cheating them out of millions of dollars in two failed hedge funds he operated.
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