Welcome

Wu-Tang Album Owned by Shkreli Is Sold by U.S. Government (2)

July 28, 2021, 2:01 AM

The U.S. government has sold the only copy of the Wu-Tang Clan’s “Once Upon a Time in Shaolin,” an album that had been owned by “Pharma Bro” Martin Shkreli.

The price and identity of the buyer is being kept secret, per terms of the sale, according to a press release Tuesday from the acting U.S. Attorney for the Eastern District of New York. “The buyer’s identity will become known in the near future,” said Peter Scoolidge, a New York-based attorney representing the anonymous album owner.

Proceeds from the sale will go toward a $7.4 million forfeiture judgment that Shkreli ...

To read the full article log in.

Learn more about a Bloomberg Law subscription.