Inmate No. 87850-053, aka Martin Shkreli, has been ordered to turn over his one-of-a-kind rap album as part of an asset forfeiture.
First he lost his freedom; now they're coming for his music. Once Martin Shkreli was the smirking "Pharma Bro" who induced outrage by jacking up the price of a life-saving drug and insulting his detractors on social media.
Now he's inmate No. 87850-053 at the Metropolitan Detention Center in Brooklyn, awaiting sentencing for his securities fraud conviction among terrorism and mob suspects.
According to the Associated Press, the recording is on a list of assets that prosecutors argue the former pharmaceutical CEO should forfeit after his conviction this year in a securities fraud scheme. In a letter filed in Brooklyn federal court, prosecutors told a judge that Shkreli, 34, is on the hook for $7.3 million.
Along with the Wu-Tang Clan "Once Upon a Time in Shaolin" album, prosecutors say Shkreli should give up $5 million in cash in a brokerage account, his interest in a pharmaceutical company and other valuables including a Picasso painting and another unreleased recording that he claims he owns, "Tha Carter V" by Lil Wayne.
Defense attorney Ben Brafman said Shkreli would fight the forfeiture.
A judge revoked Shkreli's $5 million bail and threw him behind bars in September after he offered a $5,000 bounty on Facebook for a strand of Hillary Clinton's hair. He's due back in court for sentencing early next year, when the forfeiture demand will be decided.