Pharma Bro Martin Shkreli Ordered to Surrender Rare Wu-Tang Clan Album Copies Amid Legal Battle
A New York federal judge ordered Martin Shkreli to surrender any copies of the rare Wu-Tang Clan album "Once Upon a Time in Shaolin," which he forfeited to the U.S. government after his 2017 securities fraud conviction. The order follows a lawsuit by PleasrDAO, the album's owner, accusing Shkreli of retaining digital copies and playing the album online, violating the forfeiture order. The court barred Shkreli from possessing or distributing the album, and he must submit a detailed inventory of any copies by September 30th. The order remains in effect pending the lawsuit's outcome.
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00:00It's Benzinga, and here's what's on the block.
00:02A New York federal judge ordered Martin Shkreli to surrender any copies of the rare Wu-Tang
00:06Clan album Once Upon a Time in Shaolin, which he forfeited to the U.S. government after
00:11his 2017 securities fraud conviction.
00:14The order follows a lawsuit by Pleaser DAO, the album's owner, accusing Shkreli of retaining
00:18digital copies and playing the album online, violating the forfeiture order.
00:23The court barred Shkreli from possessing or distributing the album, and he must submit
00:27a detailed inventory of any copies by September 30.
00:30The order remains in effect pending the lawsuit's outcome.
00:32For all things money, visit Benzinga.com.