Martin Shkreli’s Wu-Tang Album Could Be Seized by Government<br />Judge Matsumoto also authorized the government to seize Mr. Shkreli’s assets, including his one-of-a-kind Wu-Tang album, “Once Upon a Time in Shaolin,” for which he reportedly spent more than $1 million; a Lil Wayne album, “Tha Carter V”; a Picasso painting; his shares in Vyera Pharmaceuticals;<br />and $5 million in an E-Trade account securing Mr. Shkreli’s bond, which makes up “the majority of Mr. Shkreli’s liquid assets,” according to a court filing by Mr. Shkreli’s lawyers.<br />A judge on Monday authorized the federal government to seize rare Wu-Tang<br />and Lil Wayne albums owned by Mr. Shkreli, the former pharmaceutical executive convicted of fraud, if he can’t come up with the $7.36 million he owes the government.<br />The government is allowed to access the other property because it showed<br />that Mr. Shkreli had “transferred,” “substantially diminished” or “commingled” the direct proceeds of his fraud, Judge Matsumoto wrote.<br />Judge Kiyo A. Matsumoto of Federal District Court in Brooklyn ruled Monday that Mr. Shkreli owes the money to pay back what he made from his fraud.
