Wu Tang Album Up for Grabs? Pharma Bro May Lose $2 Million LP in Seizure

As TMZ reports, Shkreli was indicted on charges of $65 million in securities fraud. As it appears, if the prosecutors can provide evidence that any of the $65 million gained by Shkreli illegally was used to purchase the album, Shkreli could receive a forfeiture action to seize the album.

According to HipHopDX, "In addition, [TMZ] reports that even if any of the $65 million was not used to purchase the coveted album, if Shkreli gets convicted and the judge orders restitution, the U.S. Marshals could seize it." Thus, the likelihood of Once Upon A Time In Shaolin hitting the marketplace once again seems relatively positive.

Naturally, the arrest and possibly seizure have warranted quite a bit of buzz. The comments over the possible loss of the album by Shkreli prompted the New York FBI to tweet, "No seizure warrant at the arrest of Martin Shkreli today, which means we didn't seize the Wu-Tang Clan album."

Regarding the initial purchase of the album, Wu Tang leader RZA said, "The sale of Once Upon a Time in Shaolin was agreed upon in May, well before Martin Shkreli's business practices came to light. We decided to give a significant portion of the proceeds to charity."

Tags

Martin Shkreli, RZA, Wu-Tang Clan