Home / Music & Arts / Martin Shkreli arrest might lead to Wu-Tang album seizure

Martin Shkreli arrest might lead to Wu-Tang album seizure


Updated: Monday, December 21, 2015, 8:23 AM

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The arrest of “pharma bro” Martin Shkreli (center) might lead to the release of a rare Wu-Tang Clan album he bought in a private auction.

Wu-Tang Clan fans waiting to hear the band’s one-of-a-kind album might have an upcoming triumph — thanks to Martin Shkreli’s legal problems.

The arrest of the vilified “pharma bro” might finally lead to the release of the rare Wu-Tang album Shkreli secretly secured in an auction, law enforcement sources told TMZ Monday.

Shkreli, who is widely reviled for his drug price gouging and Internet trolling, was revealed last month as the fan who paid $ 2 million in an auction for the lone copy of “Once Upon a Time in Shaolin,” a mythical double album from the legendary hip-hop group. The one-time pharmaceuticals CEO bragged online about how he had no plans of releasing the album, or even listening to it alone.

The lone copy of "Once Upon a Time in Shaolin" sold for $  2 million and comes in its own handcrafted silver box.Scluzay/ Warren Wesley Patterson

The lone copy of “Once Upon a Time in Shaolin” sold for $ 2 million and comes in its own handcrafted silver box.

But Shkreli has much bigger issues as of last week, after he was arrested in Manhattan for an alleged multimillion dollar Ponzi scheme.

Now prosecutors say authorities might be able to seize the Wu-Tang discs if it turns out Shkreli used any dirty money for the massive purchase, according to TMZ. Even if he did not, U.S. Marshals could still seize it as an asset to auction off as restitution, the site said.

Law enforcement sources did not immediately comment on the album to the Daily News.

Few solid details are known about the album, but the band said it would not be releasing any of its tracks to the public for at least 88 years.

The fate of “Shaolin” came under immediate speculation after Shkreli’s arrest. The FBI New York Twitter account even wrote: “no seizure warrant at the arrest of Martin Shkreli today, which means we didn’t seize the Wu-Tang Clan album.”

When Shkreli’s Twitter account was apparently hacked Sunday, one of the first phony messages read: “Giving away WUTANG album RT for a chance to win.”

After his bust, Shkreli pleaded not guilty, posted $ 5 million bail and quickly resigned from his CEO post at Turing Pharmaceuticals.


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