Prosecutors go after Pharma Bro’s assets

Screenshot 2017-12-02 at 08.55.13The government wants to seize Martin Shkreli’s one-of-a-kind Wu-Tang Clan album.

In a letter filed this week in Brooklyn federal court, prosecutors told a judge that Shkreli is on the hook for $7.3 million.

The 34-year-old “should be held financially responsible and forfeit this amount as it was obtained by him as a result of the fraud,” the letter says.

Along with the Wu-Tang Clan “Once Upon a Time in Shaolin” album, prosecutors say Shkreli should give up $5 million in cash in a brokerage account, his interest in a pharmaceutical company and other valuables including a Picasso painting and another unreleased recording that he claims he owns, “Tha Carter V” by Lil Wayne.

Shkreli is best known for jacking up the price of a life-saving drug and for his snide online “Pharma Bro” persona.

A judge revoked Shkreli’s $5 million bail and threw him behind bars in September.

San Jose Mercury News

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