Martin Shkreli Ordered to Forfeit Rare Wu Tang Album

06 March, 2018, 03:17 | Author: Conrad Doyle
  • Martin Shkreli must forfeit almost $7.4 million judge orders

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.

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A federal judge has ordered former pharmaceutical CEO Martin Shkreli to forfeit almost $7.4 million because of his fraud convictions past year. Shkreli, the man known by some of his less-sympathetic observers as "Pharma Bro", ended up getting convicted of securities fraud and arrested a month later for offering $5,000 for a strand of Hillary Clinton's hair.

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She ordered Shkreli to tell the government within 10 days where the assets are and to ensure they're not diminished, damaged or dissipated in any way.

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He listed Brady and Cam Newton - "Superheroes", he called them - as two quarterbacks he loves to emulate and watch and learn from. It appears he may know exactly what he was talking about when it comes to how some teams would evaluate Jackson.

It is a very, very expensive double album, literally one of a kind: a single copy reportedly sold at auction for $2 million.to the former pharmaceutical executive made infamous for raising the cost of a life-saving drug 5,000 percent. He also would be forced to forfeit other valuables including a Picasso painting and another unreleased recording that he claims he owns, "Tha Carter V" by Lil Wayne. They determined that he lied to investors about the performance of his hedge funds, MSMB Capital and MSMB Healthcare. Money from his investors went into the stock market, and he didn't get anything from a plan to control Retrophin shares, his lawyers have said.

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