U.S. Government Sells Wu-Tang Clan Album Forfeited By Convicted Hedge Fund Manager Martin Shkreli
It was previously ordered to be forfeited as a substitute asset in connection with the close to $7.4 million forfeiture judgement against Shkreli.
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It was previously ordered to be forfeited as a substitute asset in connection with the close to $7.4 million forfeiture judgement against Shkreli.
Shkreli was convicted of defrauding investors in two hedge funds.
"I was wrong, I was a fool. I should have known better," Shkreli wrote in his letter to Brooklyn federal court Judge Kiyo Matsumoto.
"Pharma Bro'' Martin Shkreli was back in court Friday for a hearing about whether he should forfeit millions of dollars in assets.
A judge ruled the provocative online antics of Shkreli, who is awaiting sentencing for a securities fraud conviction, were bad enough to put him behind bars.
Less than an hour after a U.S. jury convicted Martin Shkreli of securities fraud, the so-called ``Pharma Bro'' was back at his New York City apartment doing what comes naturally: trash talking in a live-stream on YouTube.
Martin Shkreli's trolling of his own trial has amused some onlookers. But legal experts say it could have serious consequences when it comes time for sentencing.
The former biotech CEO, nicknamed "Pharma Bro," is best known for hiking up the price of a life-saving drug and for trolling his critics on social media.
A defendant in a money laundering case has at least two things in common with "Pharma Bro" Martin Shkreli -- the same name and the same judge.
Jurors are on their fourth day of deliberations at the securities fraud trial of former pharmaceutical company CEO Martin Shkreli.
Tuesday marked the second day of jury deliberations in the securities fraud trial of former pharmaceutical boss Martin Shkreli.
On Friday, the jury heard closing arguments by prosecutors accusing Shkreli of looting his own drug company to pay back disgruntled investors in two failed hedge funds he ran.
The jury sat through four and a half weeks of testimony on fraud charges dealing with a hedge fund, although it has nothing to do with the company Shkreli is most famous for.
Prosecutor Alixandra Smith told a jury Thursday that Shkreli repeatedly lied to investors about how much money was in one of the funds as it was going under.
The jury in the securities fraud trial of "Pharma Bro" Martin Shkreli won't be hearing from the former biotech CEO.
Lawyers for Shkreli complained Tuesday that news coverage is tainting the jury pool.
Federal prosecutors say Shkreli, who sparked outrage in 2015 when he increased the price of a life-saving drug used by AIDS patients from $13 to $750, cheated investors out of millions in a Ponzi scheme.
Embattled pharmaceutical executive Martin Shkreli is giving some people what they want -- a chance to punch him in the face.
Prosecutors have filed additional criminal charges against Martin Shkreli, the pharmaceutical executive who separately was criticized for raising the price of a lifesaving malaria medication.
A Long Island artist has sued ex-pharmaceutical CEO Martin Shkreli and others over use of his art in a Wu-Tang Clan album.
Pharmaceutical chief Martin Shkreli refused to testify Thursday in an appearance before U.S. lawmakers who excoriated him over severe hikes for a drug sold by a company that he acquired.
Bad-boy ex-pharmaceutical company CEO and prolific social media user Martin Shkreli has been muzzled.
Martin Shkreli, the pharmaceutical executive arrested Thursday on charges of securities fraud related to a company he previously ran, has resigned as the head of one of the companies he now runs, Turing Pharmaceuticals.
Former hedge fund manager and controversial pharmaceutical company CEO Martin Shkreli has pleaded not guilty through his lawyer to securities fraud charges.
The FAA issued a temporary flight restriction for drones over New York City, Long Island and parts of Westchester County. The restrictions are in effect until January 19.
A judge has scheduled a preliminary injunction hearing Friday for four of the New York-based lawsuits challenging congestion pricing.
A wintry mix of rain and snow is blowing into NYC, just in time for the evening commute and the start of holiday travel.
Luigi Mangione is at Metropolitan Detention Center Brooklyn on federal charges in the killing of UnitedHealthcare CEO Brian Thompson.
With the first day of winter quickly approaching, it's time to take a look at what's in store, and how La Niña may factor in.
The FAA issued a temporary flight restriction for drones over New York City, Long Island and parts of Westchester County. The restrictions are in effect until January 19.
A judge has scheduled a preliminary injunction hearing Friday for four of the New York-based lawsuits challenging congestion pricing.
A wintry mix of rain and snow is blowing into NYC, just in time for the evening commute and the start of holiday travel.
Luigi Mangione is at Metropolitan Detention Center Brooklyn on federal charges in the killing of UnitedHealthcare CEO Brian Thompson.
With the first day of winter quickly approaching, it's time to take a look at what's in store, and how La Niña may factor in.
A judge has scheduled a preliminary injunction hearing Friday for four of the New York-based lawsuits challenging congestion pricing.
A wintry mix of rain and snow is blowing into NYC, just in time for the evening commute and the start of holiday travel.
With the first day of winter quickly approaching, it's time to take a look at what's in store, and how La Niña may factor in.
We're in for a generally sunny day with some clouds from time to time — certainly nothing to fret about. Friday's a First Alert Weather Day, as we're anticipating rain and snow showers to develop.
Cold, rainy weather returns to NYC and the surrounding area today, and it's time to track some more snow later this week.
A judge has scheduled a preliminary injunction hearing Friday for four of the New York-based lawsuits challenging congestion pricing.
A wintry mix of rain and snow is blowing into NYC, just in time for the evening commute and the start of holiday travel.
With the first day of winter quickly approaching, it's time to take a look at what's in store, and how La Niña may factor in.
Some New Jersey American Water customers say their water is coming out brown or has an unusual taste or odor.
The New Jersey Supreme Court has put a hold on an appeals court decision to put the Paterson Police Department back under local control.
The FAA issued a temporary flight restriction for drones over New York City, Long Island and parts of Westchester County. The restrictions are in effect until January 19.
A judge has scheduled a preliminary injunction hearing Friday for four of the New York-based lawsuits challenging congestion pricing.
We're in for a generally sunny day with some clouds from time to time — certainly nothing to fret about. Friday's a First Alert Weather Day, as we're anticipating rain and snow showers to develop.
The mysterious drones seen flying over New Jersey and several other East Coast states have prompted a ban from the FAA.
If you're a National Grid customer in New York City or on Long Island, it's going to cost more to heat with gas this winter.
Former New York Gov. Andrew Cuomo filed a lawsuit Thursday against a former aide, Charlotte Bennett, who alleged he sexually harassed her in 2020.
NYC Mayor Eric Adams' former chief advisor Ingrid Lewis-Martin has been indicted on bribery charges, the Manhattan DA announced.
A move in Congress by Sen. Chuck Schumer that would have allowed towns to track drones was blocked Wednesday.
A federal bill that could help prevent e-bike and e-scooter battery fires is finally nearing the finish line, according to the FDNY.
Ingrid Lewis-Martin, New York City Mayor Eric Adams' former chief advisor, is expected to report to court Thursday to face charges, her attorney said.
Some 13 oz. bags of Lay's Classic Potato Chips may contain an undeclared allergen, according to the snack company.
New York Congressman-elect George Latimer expects "major pushback" to Robert F. Kennedy Jr.'s potential vaccine policy if he heads Donald Trump's Health and Human Services Department.
A breakthrough treatment is making a huge difference for stroke survivors, improving hand and arm function, and their quality of life.
CBS News New York's Cindy Hsu's mental illness did not stop her. Now, she's highlighting hope and solutions.
Suffolk County is warning parents about the dangers of co-sleeping after three more infants who shared beds with adults died in the last four weeks.
Sean "Diddy" Combs was back in federal court in Lower Manhattan on Wednesday for a pretrial hearing.
A spokesperson for Foxx said that he had to get stitches after he was hit in the face by a glass thrown from someone else in the restaurant.
Sean "Diddy" Combs filed a motion Friday to dismiss his appeal for bail, meaning he will stay in jail until his trial on sex trafficking charges in May 2025.
Jamie Foxx opened up about why he was hospitalized for several weeks in April 2023.
The annual gala at the John F. Kennedy Center for the Performing Arts features personalized tributes with performances and testimonials from fellow artists.
Karl-Anthony Towns had 32 points and 20 rebounds in his return to Minnesota, leading the inspired Knicks past the Timberwolves on Thursday night.
The Brooklyn Nets overcame a 10-point deficit and beat the Toronto Raptors on Thursday night.
The Columbus Blue Jackets snapped a five-game skid with a victory over the New Jersey Devils on Thursday night.
The Yankees on Wednesday introduced one of their latest big name acquisitions – left-handed starting pitcher Max Fried.
Juuse Saros made 25 saves to lead the Nashville Predators to a victory over the New York Rangers on Tuesday night.
Mets owner Steve Cohen's Metropolitan Park casino complex proposal has picked up steam after gaining the Queens borough president's approval.
Parts of the MTA's emergency exit infrastructure are in a hazardous state of disrepair, according to a new audit report.
The Riverside Church of New York announced this week plans to close its Weekday School after 95 years of caring for local children.
Neighbors living in communities without subway stops say congestion pricing has caused many to consider leaving New York City.
As development continues in Gowanus, Powerhouse Arts, housed in an old power station, works to keep artists in the neighborhood.
Dogs got decked out for the annual Tompkins Square Halloween Dog Parade in New York City's East Village on Saturday.
Cosplayers flooded New York City's Javits Center in October 2024 for the annual New York Comic Con convention.
Tens of thousands of people flooded Manhattan streets on June 2, 2024 for the 60th annual Israel Day on Fifth Parade.
The Francis Scott Key Bridge in Baltimore collapsed early Tuesday, March 26 after a column was struck by a container ship that reportedly lost power, sending vehicles and people into the Patapsco River.
The 50th Annual Village Halloween Parade drew massive crowds, celebrating the theme "Upside/Down:Inside/OUT."
The Alvin Ailey American Dance Theater is kicking off its new season. The company is highlighting the season with the world premiere of Interim Artistic Director Matthew Rushing's "Sacred Songs". The performance features music used in the original 1960 premier of Alvin Ailey's Seminal "Revelations" in a reimagined way. Creative Associate and Musical Director at Ailey Du'Bois A'Keen previews the new season.
A judge has scheduled a preliminary injunction hearing for four of the New York-based lawsuits challenging congestion pricing.
The UnitedHealthcare CEO murder suspect was extradited back to New York on Thursday where he is now facing four federal charges. CBS News New York's Derick Waller has the latest.
With Christmas and Hanukkah approaching, holiday travelers will be out in force this weekend. As CBS News New York's Elijah Westbrook reports, millions will be hitting the road or catching a flight.
CBS News New York's Tony Sadiku has the latest weather forecast.
