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Ad

BENJAMIN BRAFMAN


Wu-Tang Clan album sale pays off Martin Shkreli's court debt

The entrepreneur known as “Pharma Bro” once boasted that he paid $2 million in 2015 at auction for “Once Upon a Time in Shaolin,” the 31-track double album the Wu-Tang Clan spent six years creating. Authorities said the sales contract for the album contained a confidentiality provision that protects information relating to the buyer and price. In a civil case in Manhattan federal court, lawyers wrote in an April document that Shkreli had already reduced his forfeiture debt by about $5 million. Shkreli's purchase of the Wu-Tang Clan album came as group member RZA said he wanted the album — packaged in a hand-crafted silver and nickel case which includes a 174-page book wrapped in leather — to be viewed as a piece of contemporary art. Brafman described Shkreli at sentencing as a misunderstood eccentric who used unconventional means to make his defrauded investors even wealthier.

wftv.com

Wu-Tang Clan album sale pays off Martin Shkreli's court debt

An unreleased Wu-Tang Clan album forfeited by Martin Shkreli after his fraud conviction has been sold.

Harvey Weinstein sues lawyer Jose Baez, seeks return of $1M in fees

Harvey Weinstein wants his money back.

'Pharma Bro' Shkreli loses 2nd bid for early prison release

FILE - In this Aug. 3, 2017, file photo, Martin Shkreli arrives at federal court in New York. Matsumoto noted that Shkreli recently had a two-hour Zoom session with his lawyers, as well as several phone calls up to an hour in length. Prosecutors said that, as of Jan. 6, there were no positive cases in Shkreli’s housing unit. Shkreli, who was ordered to forfeit $7.3 million as part of his sentence, is due to be released from prison in September 2023. He is also known for attacking critics on social media and offering a bounty to anyone who could give him one of Hillary Clinton’s hairs.

'Delusional' Martin Shkreli denied prison release by judge

NEW YORK A judge rejected the request of convicted pharmaceutical executive Martin Shkreli to be let out of prison to research a coronavirus treatment, noting that probation officials viewed that claim as the type of delusional self-aggrandizing behavior that led to his conviction. U.S. District Judge Kiyo Matsumoto said in a nine-page ruling Saturday that the man known as the Pharma Bro" failed to demonstrate extraordinary and compelling factors that would require his release under home confinement rules designed to move vulnerable inmates out of institutions during the pandemic. Disappointed but not unexpected, Shkrelis lawyer, Benjamin Brafman, said. A judge ordered Shkreli to forfeit $7.3 million. He is also known for attacking critics on social media and offering a bounty to anyone who could give him one of Hillary Clintons hairs.

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