The Feds Want Martin Shkreli’s $2MM Wu-Tang Clan Album & His Copy Of Lil Wayne’s Carter 5
Pharmaceutical executive Martin Shkreli is currently incarcerated. He is awaiting a sentencing of up to 20 years for federal securities fraud. In the meantime, federal prosecutors today (December 1) motioned that the 34-year-old use assets to pay $7.4 million for his crimes.
For Hip-Hop fans, those assets include a multi-million dollar purchase in the form of Wu-Tang Clan’s Once Upon A Time In Shaolin. In early 2015, the Brooklyn, New Yorker obtained the sole copy of the Cilvaringz-produced album after meeting with RZA. Upon his late 2015 arrest, feds publicly mentioned the LP and notified the public that it was not seized at the time.
Another musical asset Shkreli reportedly owns is a copy of Lil Wayne’s Tha Carter V. That Cash Money Records double-album has not been released, in part due to Weezy’s ongoing $51 million lawsuit against his label of more than 20 years. One year ago, before he was detained, Martin Shkreli claimed that he legally purchased C5, but did not specify where he bought the anticipated YMCMB project.
In September, Shkreli offered Once Upon A Time In Shaolin for auction sale on eBay. After drawing a seven-figure bid, the album did not sell. It is reported to contain an appearance from late Wu-Tang co-founder Ol’ Dirty Bastard. Besides O.D.B., Pop veteran Cher is believed to be a guest on the album that was recorded in Morocco and publicly revealed in 2014.
Since purchasing the Wu-Tang album for a reported $2 million, Shkreli has had a tense relationship with the New York City “Killa Bees” collective. He threatened to erase Ghostface Killah’s vocals from the album, after engaging in an online feud with the Ironman MC. He also threatened RZA in late 2015. On this year’s Wu-Tang LP, The Saga Continues, Inspectah Deck took a shot at the controversial pharm speculator on single “Lesson Learn’d.” The Rebel I.N.S. rapped, “Slayin’ the booth, aim, shoot, bang! Cave in the roof / Hater, wouldn’t last a day in my shoes / You know very well, bet he swell, you can tell he jeal’ / My price hiking like the pills Martin Shkreli sell / Mathematics tracks, I craft havoc.”
Pitchfork investigated documents that the prosecution presented. They also cite a Pablo Picasso painting among the Manhattan-based CEO’s assets.