Asset Forfeiture

The U.S. Government Wants to Seize 'Pharma Bro' Martin Shkreli's Wu-Tang Clan Album

And it might be coming to a U.S. Marshals auction listing near you.

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Paul Martinka / Splash News/Newscom

Lawyers for the U.S. government are asking a judge to order the forfeiture of millions of dollars' worth of noted "pharma bro" Martin Shkreli's assets, including an unreleased, one-of-a-kind Wu-Tang Clan album.

Shkreli, who is facing up to 20 years in prison after being convicted of securities fraud in August, gained infamy in 2015 for jacking up the price of a life-saving AIDS drug. In a court filing today, the U.S. government is seeking $7.4 million of Shkreli's assets in total, including a Picasso painting and a World War II Enigma machine.

But perhaps the most intriguing of Shkreli's assets is the never-heard Wu-Tang Clan album, "Once Upon a Time in Shaolin," which he bought from the Staten Island rap group for $2 million. Shkreli released a series of videos of himself smugly listening to the album, but it has yet to be released to the public.

Most property seized by the federal government is auctioned off by the U.S. Marshals Service, so in the near future you might be able place a bid on the Wu on, of all places, a federal law enforcement web site.

The U.S. Marshals Service did not immediately respond to a request for comment on whether it has plans to auction the album, if it is forfeited.

Protect ya neck and your assets, kiddos.

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    1. Well they had better make their move soon.

  1. Another example where people looked at the villain, called for government to fuck them, and never looked at how the villain came to be in the first place.

    Why is Derrida and his adherents so focused on power and control, and then never do anything to look at how power and control affects these things?

  2. Shkreli strikes me as a tool, but I have lost faith in the fidelity of high-profile prosecutions that have a lot of politics involved.

    The price of pharmeceuticals is a sensitive political issue. AIDS is as much of a political issue as it is a disease– some NGOs even complaining that AIDS sucked up so much research oxygen because of its powerful political force that it drained critical research dollars from their own programs.

    Anyhoo, I guess it’s hard for me to have a feeling if Shkreli is really guilty of anything, because I simply don’t trust the government’s motives in their choice of prosecutions.

    1. My problem is that the AIDS medicine, is the same as the Epipen drama, is the same as a huge portion of all this bullshit. A lot this is enabled by outside forces to prevent competition from occurring at all. Then it falls on government to fix the problem they often created by even more narrowly defining a place for them to work in. It does this while often still continuing the monopolistic behavior that allows for the corporation to act without fear.

      It’s gross.

      1. But in this case, the restrictions were easily (or not too difficultly) circumvented. A pharma was able to sell a generic combo drug that was basically the same thing for relatively pennies. So in the end, it wasn’t so bad for patients. Didn’t take the heat off Shkreli, who was then under a microscope, and who is a very unsympathetic character, so he got nailed for his unethical business practices.

    2. He is guilty of douchebaggary, history’s second greatest crime (the first, naturally, is Game of Thrones fandom).

      1. You leave Douchebag Gary out of this.

      2. He’s also guilty of defrauding investors.

        1. Bullshit. The govt says so, but their definition of “defrauding” leaves much to be desired. Like truth, for instance.

    1. You can’t even see them, she’s behind those three dudes.

  3. That’s what he looks like? No wonder everyone hates him.

    1. He actually looks less smug there than in some of the other pictures i’ve seen.

    2. He is one of the most smuggest guys I’ve ever seen. Seriously. He never doesn’t have that smirk on his face.

  4. Shkreli released a series of videos of himself smugly listening to the album

    If he was really trying to alpha-bro the whole thing (which is what I thought this/he was all about) then he should have never listened to it, or at least said he never listened to it. And then later claimed he forgot he had it and couldn’t remember where he put it.

    1. And then later claimed he forgot he had it and couldn’t remember where he put it.

      That’s what I would have done.

      1. “I don’t even remember which of my houses i left it at, brah. Want this signed LP of 40 Ounces to Freedom instead?” [pounds Monster energy drink]

  5. The U.S. Government Wants to Seize ‘Pharma Bro’ Martin Shkreli’s Wu-Tang Clan Album

    Shame on a government that wants to run game on a private citizen

    The Wu-Tang Clan is not something with which one should fuck

    They should at least provide some monetary compensation, for as we all know: cash rules everything around me.

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