Among the calculations was $3 million for schemes at hedge fund MSMB Capital, $3.4 million from MSMB Healthcare, and $960,000 on conspiracy to commit securities fraud at his biotech company Retrophin.
Prosecutors wrote in a letter to Judge Kiyo Matsumoto that the $7.36 million "represents a conservative computation of the proceeds Shkreli personally obtained as a result of his three different securities fraud crimes of conviction", CNBC reported. After trying to hike up the price of AIDS medication, he ended up copping the one of a kind Wu-Tang Clan Album Once Upon A Time In Shaolin and by luck, got his hands on Lil Wayne's highly-anticipated Tha Carter V.
"The court should hold Shkreli financially accountable for his criminal conduct by requiring him to forfeit the amounts above, which total $7,360,450.00, and enter a forfeiture money judgment against him in that total amount", the filing reads.
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Splash News/NewscomLawyers for the US government are asking a judge to order the forfeiture of millions of dollars' worth of noted "pharma bro" Martin Shkreli's assets, including an unreleased, one-of-a-kind Wu-Tang Clan album.
Shkreli's attorney, Ben Brafman, tells TMZ, "Our position is clear".
Shkreli famously purchased the sole copy of Wu-Tang Clan's "Once Upon A Time In Shaolin" album back in 2015 and recently listed the item for sale on eBay. "Accordingly, forfeiture of any assets is not an appropriate remedy".
The U.S. government has a sudden, strong interest in rare rap music - strong enough to try and seize two albums from "Pharma Bro" and convicted fraudster Martin Shkreli.