Lil Wayne & Wu-Tang Albums Could Be Seized From Martin Shkreli

Lil Wayne & Wu-Tang Albums Could Be Seized From Martin Shkreli

In a letter filed this week in Brooklyn federal court, prosecutors told a judge that Shkreli is on the hook for $7.3 million. In a court filing today, the US government is seeking $7.4 million of Shkreli's assets in total, including a Picasso painting and a World War II Enigma machine.

Additionally, there was mention of Shkreli's copy of what may be "Tha Carter V", the lost double-album from rap legend Lil Wayne. The LP has now been certified by the Guinness Book of World Records as the most expensive album in existence. A contract stipulates that the album cannot be commercially exploited until 2103, although it can be released for free or played at listening parties.

"Our position is clear", the lawyer said.

In a "conservative computation of the proceeds Shkreli personally obtained as a result of his three different securities fraud crimes of conviction", the recommendation calls for three forfeitures for Shkreli, in amounts pf $2,998,000, $3,403,450 and $960,000 respectively for three different counts of securities fraud. "Accordingly, forfeiture of any assets is not an appropriate remedy", Brafman said.

Meanwhile, Wu-Tang leader RZA recently said that he "will always respect" Shkreli for "making history" by purchasing the Wu-Tang Clan album. I thought that would be the most handsome thing that could happen to it.

Shkreli's life has changed dramatically in recent months as he has been forced to deal with the consequences of his conviction.

With a bail set at $5 million, Shkreli is now being held at the rough Brooklyn Metropolitan Correctional Center while he awaits his day in court.