In a schadenfreude-inducing letter, Rhode spells out the potential fines for Shkreli, who was convicted of securities fraud earlier this year. As part of its assets forfeiture claim, the Justice Department said that it will keep the $5 million bond Shkreli posted before his bail was revoked.
Prosecutors are also asking for the album Once Upon a Time in Shaolin by Wu-Tang Clan, the only one in existence, which Shkreli purchased for $2m in 2015; a copy of Lil Wayne's unreleased album, The Carter V; a Nazi Enigma code-breaking machine from World War II; and $5m in cash from an E*Trade brokerage account.
However, his attorney Ben Brafman told TMZ that his client is not looking to give up any of it. "Forfeiture of any assets is not an appropriate remedy", Brafman said.
"Now that Shkreli has been convicted, substitute assets of his have been located and should be applied to partially satisfy the forfeiture money judgment", the government said in a letter to U.S. District Judge Kiyo Matsumoto. His fraud and conspiracy convictions, however, don't stem from that episode, but rather to his conduct as a hedge fund manager and CEO of a different company, Retrophin. He has released a portion of the album via a YouTube livestream.
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"Our position is clear", the attorney explained in a statement issued on December 1.
Shkreli is set to be sentenced on January 16. He's either getting hit in the face with dog shit, getting threatened with lawsuits by Lil Wayne, or having to deal with the feds, who are now looking to seize the rare Wu-Tang Clan and Lil Wayne albums he has in his possession. He then listed the item on eBay in a September 2017 auction, receiving bids in excess of $1 million, though it's unclear whether the purchase went through.