Martin Shkreli Ordered to Give Back His $2 Million Wu-Tang Album

Bringing you the latest trending news from the world.

What is happening in our world? Who is doing what? what is going on now? These are questions that will be answered. Enjoy.

Martin Shkreli Ordered to Give Back His $2 Million Wu-Tang Album

It’s easy to look around at the current state of America and feel like there is no justice. But there’s at least one story line in the last years that has been resolved in the most satisfying way possible: Martin Shkreli—the real-life, dollar-store Bond villain who came to infamy when his pharmaceutical company purchased the drug Daraprim, an HIV treatment, and raised the price from $13.50 per pill to $750—was convicted of fraud last year.

Before his eventual legal downfall, the pharmabro really leaned into the whole persona of an aspirational Dr. Evil: he was an outspoken Trump supporter, trolled around Twitter and news programs, and even eventually even purchased a one-of-a-kind Wu-Tang Clan album for a reported $2 million at auction.

Eventually, though, his misdeeds caught up with him; after his conviction last year, Shkreli has been ordered to forfeit $7.36 million to the federal government as part of his sentence. Since Shkreli was reportedly cash-broke by last year, he must forfeit his interest in a set of “substitute” assets.

Now, please enjoy a description of those assets, which sounds like the assets of the kid from Blank Check:

$5 million in cash in an E-Trade brokerage account that previously had secured his release bond; Shkreli’s stake in the drug company Vyera Pharmaceuticals; the one-of-a-kind Wu-Tang Clan album Once Upon a Time in Shaolin; the Lil’ Wayne album The Carter V; and a painting by Pablo Picasso.

What’s even funnier is the album might not even be an actual Wu-Tang Clan recording, which means it’s probably worth nothing, as Shkreli’s own lawyer pointed out.

Anyway, enjoy this one.

Source link

Leave a Reply