Lil Wayne

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

  /  12.01.2017

Wu-Tang Clan’s Once Upon a Time in Shaolin and Lil Wayne’s Tha Carter V could very well be seized by the government, as controversial pharmaceutical mogul Martin Shkreli’s legal issues continue to mount.

Prosecutors are asking the federal courts to seize $7.4 million in assets from the incarcerated Shkreli, including $5 million in bail, a Pablo Picasso painting, and the aforementioned Wu-Tang album, which he reportedly purchased for $2 million, according to Bloomberg. Billboard reports that Weezy’s Carter V, which he purchased from a third party, was also part of this request.

Shkreli’s attorney Benjamin Brafman responded to the news, saying: “We will vigorously oppose the government motion. Our position is clear. None of the investors lost any money and Martin did not personally benefit from any of the counts of conviction. Accordingly, forfeiture of any assets is not an appropriate remedy.”

It is unclear whether Shkreli still owns the Wu-Tang Clan album, which was allegedly sold for $1 million on eBay in September. The buyer remains unidentified.

Tha Carter V has generated other issues for Shkreli. In May, Wayne threatened to sue the businessman for leaking portions of the album.

In August, Shkreli was found guilty on two counts of securities fraud and one count of conspiracy. Prosecutors had accused Shkreli of “cheating investors out of more than $11 million between 2009 and 2014 in what amounted to a Ponzi scheme,” according to CNN.


Cardi B Seemingly Reacts To Leaked Video Of Kanye West Calling Her A "Plant By The Illuminati"

Cardi B posted a clip of Kanye West praising her during a 2022 interview with ...

Travis Scott And Kylie Jenner Reportedly Finalize Son's Name Change

According to TMZ, Travis Scott and Kylie Jenner finalized their son’s name change to Aire ...

Meek Mill Opens Up About His Relationship With Drake After Their Beef

According to Meek Mill, “We got to a space where we can text each other ...

Billboard Names Top 10 Greatest Rappers of All Time

The list includes Drake, Nicki Minaj, Eminem, JAY-Z, and more.
View More

Sponsored Stories