Martin Shkreli
Photo: Victor J. Blue/Bloomberg

Feds Plan to Confiscate Sole Wu-Tang Album and ‘Carter V’ from Martin Shkreli

To meet the mark of $7.4 million—the amount in assets that prosecutors have asked Judge Kiyo Matsumoto to seize from pharma-douche Martin Shkreli—feds have plans to confiscate the one-of-one Wu-Tang Clan album, Once Upon a Time in Shaolin, and the long-awaited Lil Wayne album, Tha Carter V, from Shkreli’s possession. After collecting $5 million bail from the shamed former pharmaceutical exec, the rap albums, in addition to a work of art and other assets, will be seized to bridge the difference.

Shkreli is currently behind bars awaiting sentencing on his August securities fraud conviction, and the requests for asset seizure came in the form of a forfeiture submission filed Thursday in a Brooklyn federal court. Feds seek the Wu-Tang and Weezy albums, a Picasso, and a World War II-time Enigma codebreaking machine.

The catch here is that Shaolin may no longer be in Shkreli’s possession. Back in September, Shkreli, who purchased the album when its initial price tag was $2 million, posted it on eBay for sale by auction, and a winning bid was reported at $1 million. However, it’s unclear whether that bidder completed the transaction, or whether Shaolin actually exchanged hands afterwards. It could’ve been one big decoy.

There’s no way of truly knowing whether Tha Carter V is in Shkreli’s possession, either, and he happened upon that project thanks to a stranger-than-fiction alleged event in which Lil Wayne forgot to eject the unreleased, near-mythical album from an old Bugatti. Which he then sold. Which Shkreli later purchased—Carter V still in the CD drive (?). It does appear that the asshole got his hands on something substantial, though, as he’s already managed to incense the embattled rapper.

Just about every storyline involving this guy, like the bounty he put on a strand of Hillary Clinton’s hair, is either ridiculous or upsetting. This one falls under both categories. The feds in possession of two of hip hop’s most coveted works? Not good.

Buzzfeed News reports that Shkreli’s attorney plans on fighting the forfeiture request “vigorously.” No surprise there.

Related Posts


Rap Villain Martin Shkreli Leaks Two Tracks From ‘Carter V’


Weezy Threatens To Sue Martin Shkreli If He Leaks Any More of ‘Carter 5’


Somebody Has Liberated the Wu-Tang Album!


Martin Shkreli Might Have Paid $2 Million For a Fake Wu-Tang Album


Professional Idiot Martin Shkreli Says He’ll Liberate Prized Wu-Tang Music if Trump is Elected


Latest News

nas-rapture Film


Mass Appeal’s new Netflix series premieres this weekend at SXSW
same Hot Takes

It Was a Type Beat Year

The search for something new in a year of sameness
shea serrano Features

Shea Serrano Quit His Teaching Job, Now He Has Two Best Sellers and Two TV Shows

"It is funny to just walk in and just be a Mexican, because I’m usually the only one there"
mf doom Features

The 10 Best DOOM Songs of 2017, Ranked

Even after 'The Missing Notebook Rhymes' went missing, the masked villain still caused havoc
worst cops Features

The Worst Cops of 2017

The hall of shame
donald trump Features

32 Songs That Dissed Donald Trump in 2017

The "F.D.T." wave
lil peep News

R.I.P. Gus, Long Live Lil Peep

Resisting nostalgia at the speed of the internet
88 rising Features

Sean Miyashiro of 88rising Connected the Cultures

With 1.25 million YouTube subscribers and a gang of talent, 88rising controlled the new East-West flow
eminem Video

Eminem By the Numbers

You may know how many f*cks he gives, but what about the other crucial figures from Slim Shady's career?
tape Features

Why 2017 Was Rap’s Year of the Tape

Seven labels explain why they're still rewinding cassettes back
safdie brothers Features

The Safdie Brothers Got Gritty as 2017’s Filmmakers to Watch

"You might not like the feeling that you're feeling, but you can still be entertained by that feeling."
best albums Features

The 25 Best Albums of 2017

The essential sounds that defined one very strange year
hey arnold Humor

Everything About Christmas is Awful, Except the ‘Hey Arnold!’ Special

The one redeeming thing about this trash holiday
combat-jack Features

Knowledge Darts Vol. 32: Winter Solstice

I never got to say thank you
jeezy Video

Open Space: Jeezy

"You can’t just crush a diamond with a rock. It’s hard, it’s tough. But it’s bright."

Rhythm Roulette: Boi-1da

The wait is over