Wu Tang Clan made headlines earlier this year for launching their $2 million album that was the only one of its kind. The buyer of the album will own every right to the album except for commercial use. The whole world was shocked to discover that the "Once Upon A Time in Shaolin" album was sold to no other than Martin Shkreli, the most controversial man in the biotech business today.
Shkreli became a hated personality for using his company, Turing Pharmeceuticals, to increase the price of a life-saving drug treatment to HIV from $13.50 to $750. Shkreli was arrested this month for security fraud amounting to $65 million. There is a great chance that Shkreli's possesions that was bought with money earned from fraud will be seized, one of them could be Wu Tang Clan's $2 million album.
In a report by TMZ, prosecutors are open to the possibility of confiscating the album if proven that it was purchased using the $65 million that Shkreli took from his companies. US Marshals seem to be eyeing the album as well for its price tag. MTV says, "The U.S. Marshals Office might still try to seize the album, since it's a pricey asset that they could later auction off."
David Smyth, a lawyer versed in defending white-collar criminals posted in his blog, "All of which is to say: the album is in play! If Shkreli is convicted, 'Once Upon a Time in Shaolin' might be subject to a criminal forfeiture order and handed over to the government."
Wu Tang Clan does not seem to be dismayed by the outcome of Shkreli's possession of the album. The rap group have sent a portion of the album's earnings to charity.
There is a great chance that the album will be taken away from Shkreli and interested buyers are prepping up for the possible auction of the most expensive album in the world.
