Today, the US government sold the only copy of the Wu-Tang Clan is one in Shaolin to an undisclosed buyer for an undisclosed sum, according to a press release from the office of US Attorney in the Eastern District of New York. After the DOJ “a confidentiality provision that information relating to the buyer and the price includes protecting.” The contract for the sale proceeds from the sale will be an outstanding $ 7.36 million judgment to fulfill levied against the former owners of favor pharmaceutical Executive Martin Shkreli go.
After Shkreli was sentenced in 2018 securities fraud to seven years in prison, he was instructed by the government to withhold the album along with several other assets to satisfy a Verwirkungsurteil in the amount of 7.36 million US dollars. The sale of the Wu-Tang album, the Verwirkungsurteil has been completed, according to court records.
“Through the diligent and persistent efforts of this office and its partners for prosecution Shkreli was held accountable and has paid the price that he lied and stole from investors to enrich themselves,” Jacquelyn M. Kasulis, acting prosecutor the United States for the Eastern District of New York, wrote in a press release. “With today’s sale of this unique album its payment of decline is now complete.”
Another filed by the DOJ court document that was seen by Pitchfork, notes that the authorities Shkreli have indeed instructed to issue his copy of Lil Wayne’s Tha Carter V – unpublished and probably at the time of expiry judgment in an incomplete state – which authorities has never really seized a financial amount of that particular asset or confiscated.
Shkreli was sentenced in 2017 for securities fraud. The following month, before his conviction, he announced his own intentions, the album to sell. In an interview in 2018 RZA revealed that he had tried to repurchase Once Upon a Time in Shaolin of Shkreli, but this was prevented due to contractual restrictions.