Sale of unreleased Wu-Tang Clan album enough to pay off Martin Shkreli's court debt

[TexasTowelie]

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 rest of what he owed on a $7.4 million forfeiture order he faced after his 2018 sentencing.

The entrepreneur known as “Pharma Bro” once boasted that he paid $2 million in 2015 at auction for “Once Upon a Time in Shaolin,” the 31-track double album the Wu-Tang Clan spent six years creating.

“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 in Brooklyn said in a release.

Authorities said the sales contract for the album contained a confidentiality provision that protects information relating to the buyer and price.

Read more: https://www.mcall.com/news/nation-world/ct-aud-nw-wu-tang-martin-shkreli-20210727-qq2ttooklvby7apeqyrabotjai-story.html

[Buns_of_Fire]

1. That's nice. Happily, the sorry sack of shit's still in jail, though.

‘Pharma Bro’ Shkreli loses 2nd bid for early prison release
https://apnews.com/article/pandemics-martin-shkreli-mental-health-coronavirus-pandemic-courts-9a60dea8712e7b3ee67174e55ea1435c

NEW YORK (AP) — That’s another no for the “Pharma Bro.”

A federal judge has rejected convicted pharmaceutical executive’s Martin Shkreli’s second request to be let out of prison early, showing skepticism about his claim in court papers that mental health issues have weakened his immune system and made him more susceptible to contracting the coronavirus.

U.S. District Judge Kiyo Matsumoto said in a 12-page ruling on Friday (this story ran in January, 2021) that Shkreli again failed to demonstrate extraordinary and compelling factors that would require a sentence modification, such as release under home confinement rules designed to move vulnerable inmates out of institutions during the pandemic.

(...)

Matsumoto also rejected the argument that Shkreli should be let out because coronavirus-related lockdowns were impeding his ability to communicate with the lawyers representing him in a civil lawsuit brought by the Federal Trade Commission. Matsumoto noted that Shkreli recently had a two-hour Zoom session with his lawyers, as well as several phone calls up to an hour in length.

[Demovictory9]

2. yep. Mr. Obnoxious.