Federal prosecutors say "Pharma Bro" Martin Shkreli owes the U.S. government almost $7.4 million in forfeitures and authorities Friday filed a motion with U.S. District Judge Kiyo Matsumoto of the Eastern District of NY pointing to some of Shkreli's personal assets that could help make up the difference.
Because of freaky 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.
Of course, the U.S. Attorney was helpful enough to help Shkreli locate his pockets, or at least enumerate a few sources of cash for the hefty fine.
Federal prosecutors reportedly want to seize the former pharmaceutical executive Martin Shkreli's one-of-a-kind Wu-Tang Clan album as part of an assets seizure.
The government said it would like to keep the $5 million that Shkreli paid in bail, and listed other assets, including the Wu-Tang album, a Lil Wayne album "The Carter V", a Picasso painting and an Enigma machine from World War II, that could make up the difference, according to court documents.
In a statement to TMZ, Shkreli's attorney Ben Brafman says, "Our position is clear". None of the investors lost any money and Martin did not personally benefit from any of the counts of conviction.
The motion filed Friday argued that the forfeiture amount was based on Shkreli's defrauding investors in MSMB Capital and MSMB Healthcare, and from the funds generated from the Retrophin Inc. shares transferred to defraud MSMB investors to pay them off. The album was put up for sale on eBay in September and appeared to have been sold for about $1 million, although no buyer has been identified. His sentencing is scheduled for next month.