FAST FIVE: C.R.E.A.M.: U.S. Government Sells Wu Tang Album For "Substantially More" Than Martin Shkreli Paid For It
C.R.E.A.M.: US Government Sells Wu Tang Album For “Substantially More” Than Martin Shkreli Paid For It Out of all of Martin Shkreli's assets seized by the US government, none was likely as popular to talk about around the office than his one-of-a-kind “Once Upon a Time in Shaolin” album by the Wu-Tang Clan. Shkreli bought the album at an auction in 2015 and said he paid $2 million for it.
It was involved in discussions about selling the album “for more than a year”, according to Peter Scoolidge, a lawyer who represents the new buyer.
The album comes in a hand-carved nickel-silver box with a gold-leafed certificate of authenticity.
The album isn't permitted to be released to the public until 2103, according to the Journal. Jacquelyn Kasulis, acting US attorney for the Eastern District of New York, said: “Shkreli has been held accountable and paid the price for lying and stealing from investors to enrich himself.
The assets could be made available to a receiver soon, according to prosecutors. Shkreli's expected release date is October 11, 2022. Tyler Durden Wed, 07/28/2021 – 17:40.