Prosecutors Want Martin Shkreli to Forfeit His Wu Tang Clan CD

In a "conservative computation of the proceeds Shkreli personally obtained as a result of his three different securities fraud crimes of conviction", the recommendation calls for three forfeitures for Shkreli, in amounts pf $2,998,000, $3,403,450 and $960,000 respectively for three different counts of securities fraud.

Martin Shkreli, dubbed the "pharma bro" for exploits such as jacking up the price of a life-saving drug by 5,000 percent, should forfeit $7.4 million, including his Wu Tang Clan album and a Picasso painting, US prosecutors said on Friday.

A 34-year-old pharmaceutical executive who is best known for jacking the price of life-saving AIDS drug Daraprim by 5,000 percent in 2015, Shkreli faces up to 20 years in prison when he is sentenced in January.

He is now imprisoned in a Brooklyn jail after he was convicted of securities fraud in August.

Shkreli, infamous for hiking the price of a critical drug, Daraprim, was convicted August 4 in an unrelated trial of lying to investors in two hedge funds he used to run.

Читайте также: Uber-Waymo case: Dramatic turn as judge says Uber lawyers withheld evidence

Prosecutors said Friday Shkreli should be forced to forfeit $7.4 million, which could include $5 million in bail money and the album "Once Upon a Time in Shaolin". "Accordingly, forfeiture of any assets is not an appropriate remedy".

No one is asking the real question: what happens to the albums?

Docket records show that Shkreli's attorney Benjamin Brafman has until December 18 to file a response to the government's request.

Greebel's defense hinges on casting the lawyer as an unwitting pawn of Shkreli's machinations.

Greebel's trial took Wednesday, Thursday and Friday off this week and should resume Monday.

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