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Martin Shkreli and The Wu-Tang Album

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Martin Shkreli and The Wu-Tang Album

"Pharma Bro" Martin Shkreli could serve up to 15 years in prison.

Craig Ruttle / AP

"Pharma Bro" Martin Shkreli could serve up to 15 years in prison.

Craig Ruttle / AP

Craig Ruttle / AP

"Pharma Bro" Martin Shkreli could serve up to 15 years in prison.

Kai Theriault

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Martin Shkreli is best known for raising the price of the pharmaceutical drug Daraprim by 5,000 percent. This led to a controversy that went into a court case leading Shkreli’s conviction of fraud. As of March 5th, Martin Shkreli is having to forfeit $7.36 million to the federal government as part of his court sentence where he is expected to serve 15 years in prison. 

Martin Shkreli is having the United States government pick up his assets to satisfy the $7.36 million he owes. To subsidize this he sold $5 million dollars in shares for his company and even sold a Picasso. The one item that sparked worldwide interest is the Wu-Tang album Once upon a time in Shaolin. The price for the album is about two million dollars, but the questions raised is whether the “unique album is actually attributable to the famed hip-hop group — if not, or if the market believes not, the album could end up being worth little or nothing,” according to a report from CNBC. The thing that is catching interest in this item is the album’s mysterious history as the only one produced, and “the Wu-Tang Clan prohibited the buyer from releasing it commercially,” making it an interesting item according to The Washington Post.

The reason Martin Shkreli is being forced to forfeit 7.36 million dollars is that of his conviction of fraud last year. A lot of this was because of how he raised the cost of “ the price of Daraprim, a life-saving drug for HIV patients, from $13.50 a pill to $750.” According to CNN, this led to massive backlash and eventually his conviction. 

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Martin Shkreli and The Wu-Tang Album