Notorious “pharma bro” Martin Shkreli, who came to fame for jacking up the price on a critical AIDS medication, was told by U.S. prosecutors on Friday he has to forfeit $7.4 million in assets — which could include “Once Upon a Time in Shaolin,” his one-of-a-kind Wu-Tang album.
Shkreli paid $2 million for the disc in 2015, making it most expensive work of music ever sold.
The 34-year-old ex-pharmaceutical entrepreneur was convicted in August of defrauding investors of more than $11 million between 2009 and 2014. Shkreli could face up to 20 years in prison for the charge of security fraud. He’s currently serving time in a federal prison in Brooklyn, New York, as he awaits sentencing next month.
Prosecutors had their eyes on more than just his ultra-rare Wu-Tang album in their filing on Friday, too. Authorities are looking to seize a Picasso painting, a World War II Enigma machine, and his interest in Turing Pharmaceuticals.
But there might be one problem for prosecutors: it’s unclear if Shkreli still has his hands on “Shaolin.” He listed the album on eBay back in September, with the winning bid settling north of $1 million. The buyer wasn’t identified, and eBay did not immediately respond to TheWrap’s request for comment on if the deal processed.
Shkreli — who increased the price on antiparasitic drug Daraprim by 5,000 percent — was dubbed a “super villain” by Wu-Tang member Ghostface Killah when he bought the album two years ago. The good news for prosecutors, though, is Shkreli insists he has plenty of money for them to take.
“I am not selling to raise cash — my companies and I have record amounts of cash on hand,” Shkreli said in his eBay post.