(AllHipHop News) Martin Shkreli’s loss is a major victory for Wu Tang Clan fans.
The disgraced pharma-mogul must forfeit $7.36 million in assets, which includes the one-of-one Wu album, Once Upon a Time in Shaolin. “Pharma Bro” promised he would release the one-of-a-kind project if Donald Trump won the Presidency. He never did.
Shkreli became a pariah after he raised a HIV drug Daraprim over 5,000 percent on those stricken with the deadly disease.
Martin Shkreli is now “cash-broke” after being worth several 10’s of millions.
Judge Kiyo Matsumoto declared that “Pharma Bro,” Shkreli’s nickname, must give up his assets in exchange for cash.
He must give up $5 million in cash that lies in an E-Trade brokerage, his stake in the Vyera Pharmaceuticals, a drug company, the Wu-Tang Clan album and the Lil' Wayne album The Carter V. He will also lose possession a prized painting by Pablo Picasso.
Shkreli reportedly paid $2 million for the rare Wu-Tang Clan and his stated in an interview that the opus is "probably worthless."