Feds Could Seize Martin Shkreli's $2 Million Wu Tang Clan Album & Auction It Off

As we previously reported, Martin Shkreli was recently arrested and charged by U.S. prosecutors with securities fraud conspiracy, securities fraud and wire fraud conspiracy. If convicted of all charges he could land in prison for 20 years.

After posting $5 million bond, Shkreli, stepped down as CEO of Turing Pharmaceuticals and as of today has been fired as CEO of KaloBios Pharmaceuticals.

He believes his arrest is linked to his decision to have Turing hike up the price of a 60-year-old drug called Daraprimto $750 a tablet from $13.50, overnight.

"Trying to find anything we could to stop him' was the attitude of the government," Shkreli told the Wall Street Journal.

TMZ reports that the funds generated from Shkreli's alleged fraudulent activities could be as much as $65 million. If it's determined that any of his possessions, including the $2 million Wu Tang Clan album, "Once Upon a Time in Shaolin," were purchased with that money, they could be subject to forfeiture by the government.

Even if certain items weren't bought with those funds, Shkreli may be forced to hand them over to pay restitution, which means expensive possessions like the Wu Tang Clan album could be auctioned off.

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Comment by Roamn Profit on December 22, 2015 at 1:04am
This is clickbait. I almost guarantee this entire story is fabricated.
Comment by MASTER on December 22, 2015 at 12:29am
He might as well leak it to p*** off the Feds..
Comment by George on December 22, 2015 at 12:26am
If you read news outside of thisis50 you'd realize this guy has been under investigation for 3 years and really pissed a lot of people off by raising the price of a drug....That being said, it is wild this is the guy that ended up buying Wu's album
Comment by united-gs on December 21, 2015 at 11:34pm
Some of yall cats on here a seriously dumbfounded for real yo...one say they gonna auction the wu albim for 65 mill, one actually thinks its when he started fcking witj hiphop thats when the feds decided to built a case, and one actually thought bobby was gonna be bailed out, foh
Comment by di on December 21, 2015 at 9:47pm
someone on the feds will leak this s*** if they put their hands on it
Comment by tyris on December 21, 2015 at 8:43pm
God is good
Comment by Crossfire 1st on December 21, 2015 at 7:50pm
Silence is Golden, this white boy shouldn't have f*** with hiphop , full of snitches , Now he done, they gana take all his money . System is run by Gangs ain't nothing change .
Comment by darren on December 21, 2015 at 7:17pm
looks like he wont bail out bobby smurda either...Whos gonna buy 65million wutang but the riza buy it back from the auction...
Comment by Destructo Delgado on December 21, 2015 at 7:17pm
its just better as we know the albums worth and what Wu is to the hip hop culture ! WE the people shall witness the album travel and land in some one with short hands and deep pockets - the saga of the lp has just started - all eyes on the album f*** the kid who bought it
Comment by gip on December 21, 2015 at 6:56pm
It's sad we want hear there album. If you had a baby born today he might not hear it either died or bad hearing. 88years that's crazy.

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