U.S. Government Sells Wu-Tang Clan Album Forfeited By Convicted Hedge Fund Manager Martin Shkreli
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NEW YORK (CBSNewYork) -- The United States government has sold a unique Wu-Tang Clan album forfeited by convicted hedge fund manager Martin Shkreli.
The sole copy of "Once Upon a Time in Shaolin" was sold Tuesday.
It was previously ordered to be forfeited as a substitute asset in connection with the close to $7.4 million forfeiture judgement against Shkreli.
Proceeds will satisfy the outstanding balance, but the exact amount was not revealed.
In 2017, Shkreli, a former drug company CEO, was found guilty of deceiving investors in two failed hedge funds he ran.
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