The Saga Continues

Saturday, March 24, 2018

U.S. Government Could 'Dispose Of' Martin Shkreli's Forfeited Lil Wayne & Wu-Tang Clan Albums

At the top of March, notorious "Pharma Bro" Martin Shkreli was sentenced to seven years in prison for various securities-fraud-related charges. Shkreli will also be forced to forfeit more than $7.3 million in assets as part of U.S. District Judge Kiyo Matsumoto's ruling, which includes his $2 million Wu-Tang Clan album Once Upon a Time in Shaolin, in addition to Lil Wayne's Tha Carter V to cover the fine.

According to the Department of Justice's filing earlier this week, the U.S. government "hereby give[s] notice of its intent to dispose of the forfeited property in such manner as the United States Attorney General may direct." The public has 60 days from filing day to "claim interest" in the property before being discarded.

Forbes reached out to a government representative who stated the albums' fate will, in turn, be decided "directly by the civil division of the U.S. Attorney's office for the Eastern District of New York." With that said, Justice Department head Jeff Sessions will remain "indirectly responsible" for the forfeiture case decision.