Feds sell rare Wu-Tang Clan album formerly owned by 'Pharma Bro' Martin Shkreli

'Once Upon A Time in Shaolin' has a new owner
Ghostface Killah (L) and Raekwon of Wu-Tang Clan perform during EMBA Fest 2020 at Oakland Arena on February 21, 2020 in Oakland, California. (Photo by Tim Mosenfelder/Getty Images)
Photo credit Tim Mosenfelder/Getty Images
By , 1010 WINS

One of the world’s most sought-after albums has been sold by the United States after it was once held by “Pharma Bro” Martin Shkreli, the Department of Justice announced on Tuesday,

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The U.S. sold the sole copy of Staten Island-based Wu-Tang Clan’s Once Upon A Time in Shaolin on after Shkreli was forced to forfeit it as part of his 2018 sentencing. He reportedly paid $2 million for it originally.

Department of Justice
Wu-Tang Clan’s “Once Upon A Time in Shaolin” Photo credit Department of Justice

The person who bought the album and for how much is not known as part of a confidentiality provision, according to the Department of Justice’s Eastern District of New York. The amount gained, though, is enough to cover Shkreli’s outstanding owed balance.

Shkreli was convicted in 2017 on two counts of securities fraud and a count of securities fraud conspiracy for being part of schemes to defraud hedge fund investors and manipulating the stock price of a biopharmaceutical company that he was he chief executive officer for.

Shkreli was sentenced to seven years in jail, followed by three years of supervised release. After the U.S. Supreme Court declined to review the case, the album was seized.

The one-of-a-kind album was bought by Shkreli in 2015, as part o