Feds Seek Shkreli's Wu-Tang Record, Picasso Painting in Forfeiture Motion

Feds Seek Shkreli's Wu-Tang Record, Picasso Painting in Forfeiture Motion

Federal prosecutors want Martin Shkreli to give up his Wu Tang Clan album.

The forfeiture of $US7,360,450 "represents a conservative computation of the proceeds Shkreli personally obtained as a result of his three different securities fraud crimes of conviction", Bridget M. Rohde, the acting U.S. attorney for the Eastern District of NY, said in a court filing on Friday.

Martin Shkreli might have to hand over his one-of-a-kind Wu-Tang album, and Lil Wayne's "Tha Carter V" if the feds get their way - but that's the least of his problems.

In August, a USA jury convicted Shkreli of defrauding investors in hedge funds he ran years before he gained fame for hiking the price of a drug.

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The government said in its submission Friday it may also seek a Picasso painting Shkreli owns, his Enigma machine from World War II and $5 million from his E-Trade brokerage account. A Brooklyn jury deliberated five days before finding Shkreli guilty on Friday on three of eight counts.

TMZ spoke to his attorney, Ben Brafman, who told them, "Our position is clear".

Because of weird threats against Hillary Clinton, posted to Facebook after his conviction, Shkreli has been awaiting his sentencing date in the custody of Brooklyn's Metropolitan Detention Center.

"Now that Shkreli has been convicted, substitute assets of his have been located and should be applied to partially satisfy the forfeiture money judgment", the government said in a letter to U.S. District Judge Kiyo Matsumoto.

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In 2015, Shkreli purchased the sole existing copy of Once Upon a Time in Shaolin for $2 million.

Prosecutors say Shkreli accessed millions of dollars during the periods of time he committed securities fraud, and should be forced to "forfeit those funds he would not have had but for his criminal offenses".

In his eBay listing, Shkreli said he has not "carefully listened to the album", and the work remains the subject of intrigue.

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