Federal Judge Orders Martin Shkreli to Forfeit Wu-Tang Clan Album

Martin Shkreli must forfeit almost $7.4 million judge orders

Judge Kiyo Matsumoto has most recently ordered the infamous "Pharma Bro" to forfeit a lofty $7.36 million in assets, which will include his rare copy of the Wu-Tang album.

The judge said the assets won't be seized until Shkreli has a chance to appeal.

After months of back-and-forth, the fate of the one-of-a-kind Wu-Tang Clan album "Once Upon a Time in Shaolin" has been decided.

Shkreli has also boasted of owning a Picasso painting.

Shkreli has been behind bars since September when a judge found he broke the terms of his bail by offering social media followers money for a hair sample from then-presidential candidate Hillary Clinton.

SPD Votes: No New Elections for Germany
The party is set to hold six ministries, including the important Foreign Ministry and the Ministry of Finance. However, the new "Grand Coalition" will also make the AfD the largest opposition party in the Bundestag.

Shkreli is now in jail awaiting sentencing on March 9.

U.S. District Judge Kiyo Matsumoto issued the order against the jailed Shkreli four days before he is to face sentencing for his conviction previous year on charges he cheated wealthy investors in two failed hedge funds he was managing. They determined that he lied to investors about the performance of two hedge funds he ran, MSMB Capital and MSMB Healthcare.

Matsumoto has already ruled that when Shkreli is sentenced, he will be held responsible for $10.4 million in losses, including all of the money his investors entrusted to his hedge funds. His conviction stems from charges that he defrauded investors in Retrophin, the pharmaceutical company he co-founded.

The decision came four days before a scheduled hearing at which Shkreli faces a potential maximum prison sentence of 20 years.

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