A rare Wu-Tang Clan album once owned by convicted felon Martin Shkreli has been sold by the feds … wiping his slate clean with the U.S. of A., financially speaking.
The feds said Tuesday it sold “Once Upon a Time in Shaolin” … Wu-Tang’s only known physical copy that exists. You’ll recall Shkreli, the guy who jacked the price of the AIDS/cancer medicine from $13.50 to $750 a pop, dropped $2 million for it back in 2015 at auction.
The sale of the album will cover the balance remaining on the $7,360,450 in forfeiture the judge ordered Shkreli to pay at his 2018 sentencing. According to legal docs, obtained by TMZ, the feds have already collected $5,121,967.70 … leaving an outstanding balance of $2,238,482.
As for what the album sold for and to whom … the feds aren’t telling. According to prosecutors … the sale’s contract includes a confidentiality provision that protects information about the price and the buyer.
BTW … the album includes a hand-carved, nickel-silver box as well as a leather-bound manuscript with lyrics and a certificate of authenticity.
As we reported … the so-called ‘Pharma Bro’ was sentenced to 7 years in prison following his conviction in his securities fraud case stemming from his stint as head of the drug company Tetrophin and hedge funds he managed.
