US judge orders ex-drug executive Shkreli to give up $7.36 million

Martin Shkreli must forfeit $7.36 million, turn over stake in ultra-rare Wu-Tang Clan album: Judge

Federal Judge Orders Martin Shkreli to Forfeit Wu-Tang Clan Album

Shkreli is now in jail awaiting sentencing on March 9.

A US judge on Monday ordered Martin Shkreli, former CEO of a drug company, to hand over more than 7.3 million USA dollars in assets for his role in defrauding investors.

Shkreli has been behind bars since September, when Matsumoto ordered him jailed for turned to social media and urged followers to get him a sample of former secretary of state Hillary Clinton's hair.

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"Once Upon A Time in Shaolin", a one-of-a-kind album by the hip-hop group Wu-Tang Clan, as well as any proceeds from the album's sale.

Shkreli became notorious as the "Pharma Bro" when he raised the price of anti-parasitic drug Daraprim by over 5,000 percent in 2015 while he was chief executive officer of Turing Pharmaceuticals.

Martin Shkreli purchased the exclusive album for $2 million in 2015, but was convinced for multiple counts of fraud in 2017.

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Former drug company executive Martin Shkreli arrives at U.S. District Court for the third day of jury deliberations in his securities fraud trial in the Brooklyn borough of NY, U.S., August 2, 2017.

A painting by famed Spanish artist Pablo Picasso. The defense argued unsuccessfully Shkreli should forfeit nothing.

"I should have known better", Shkreli wrote in a letter to the judge requesting a sentence between 12 to 18 months.

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The forfeiture order does not include any fines or restitution Matsumoto might impose at sentencing.

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