U.S. Government Sells Wu-Tang Clan Album Forfeited By Convicted Hedge Fund Manager Martin Shkreli
It was previously ordered to be forfeited as a substitute asset in connection with the close to $7.4 million forfeiture judgement against Shkreli.
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It was previously ordered to be forfeited as a substitute asset in connection with the close to $7.4 million forfeiture judgement against Shkreli.
Shkreli was convicted of defrauding investors in two hedge funds.
"I was wrong, I was a fool. I should have known better," Shkreli wrote in his letter to Brooklyn federal court Judge Kiyo Matsumoto.
"Pharma Bro'' Martin Shkreli was back in court Friday for a hearing about whether he should forfeit millions of dollars in assets.
A judge ruled the provocative online antics of Shkreli, who is awaiting sentencing for a securities fraud conviction, were bad enough to put him behind bars.
Less than an hour after a U.S. jury convicted Martin Shkreli of securities fraud, the so-called ``Pharma Bro'' was back at his New York City apartment doing what comes naturally: trash talking in a live-stream on YouTube.
Martin Shkreli's trolling of his own trial has amused some onlookers. But legal experts say it could have serious consequences when it comes time for sentencing.
The former biotech CEO, nicknamed "Pharma Bro," is best known for hiking up the price of a life-saving drug and for trolling his critics on social media.
A defendant in a money laundering case has at least two things in common with "Pharma Bro" Martin Shkreli -- the same name and the same judge.
Jurors are on their fourth day of deliberations at the securities fraud trial of former pharmaceutical company CEO Martin Shkreli.
Tuesday marked the second day of jury deliberations in the securities fraud trial of former pharmaceutical boss Martin Shkreli.
On Friday, the jury heard closing arguments by prosecutors accusing Shkreli of looting his own drug company to pay back disgruntled investors in two failed hedge funds he ran.
The jury sat through four and a half weeks of testimony on fraud charges dealing with a hedge fund, although it has nothing to do with the company Shkreli is most famous for.
Prosecutor Alixandra Smith told a jury Thursday that Shkreli repeatedly lied to investors about how much money was in one of the funds as it was going under.
The jury in the securities fraud trial of "Pharma Bro" Martin Shkreli won't be hearing from the former biotech CEO.
Lawyers for Shkreli complained Tuesday that news coverage is tainting the jury pool.
Federal prosecutors say Shkreli, who sparked outrage in 2015 when he increased the price of a life-saving drug used by AIDS patients from $13 to $750, cheated investors out of millions in a Ponzi scheme.
Embattled pharmaceutical executive Martin Shkreli is giving some people what they want -- a chance to punch him in the face.
Prosecutors have filed additional criminal charges against Martin Shkreli, the pharmaceutical executive who separately was criticized for raising the price of a lifesaving malaria medication.
A Long Island artist has sued ex-pharmaceutical CEO Martin Shkreli and others over use of his art in a Wu-Tang Clan album.
Pharmaceutical chief Martin Shkreli refused to testify Thursday in an appearance before U.S. lawmakers who excoriated him over severe hikes for a drug sold by a company that he acquired.
Bad-boy ex-pharmaceutical company CEO and prolific social media user Martin Shkreli has been muzzled.
Martin Shkreli, the pharmaceutical executive arrested Thursday on charges of securities fraud related to a company he previously ran, has resigned as the head of one of the companies he now runs, Turing Pharmaceuticals.
Former hedge fund manager and controversial pharmaceutical company CEO Martin Shkreli has pleaded not guilty through his lawyer to securities fraud charges.
A Queens man says he had trouble eating and drinking while suffering from cyclosporiasis.
A man says he suffered a concussion after he was randomly shoved into a moving train at a Bronx subway station.
A Mount Vernon man is accused of fatally shooting a woman in the Bronx on Monday.
A former cargo ship captain pleaded guilty on Wednesday to drugging and raping a U.S. Merchant Marine Academy cadet.
The families of eight murdered women faced down Rex Heuermann and now want justice beyond the courtroom.
A Queens man says he had trouble eating and drinking while suffering from cyclosporiasis.
A man says he suffered a concussion after he was randomly shoved into a moving train at a Bronx subway station.
A Mount Vernon man is accused of fatally shooting a woman in the Bronx on Monday.
A former cargo ship captain pleaded guilty on Wednesday to drugging and raping a U.S. Merchant Marine Academy cadet.
The families of eight murdered women faced down Rex Heuermann and now want justice beyond the courtroom.
A heat advisory is in effect until Wednesday night for most of the Tri-State Area, with feels-like temperatures reaching into the 100s.
The Tri-State Area is dealing with extreme heat as cooling centers, pools, parks and other resources try to keep residents cool.
A heat advisory is in effect until Wednesday night for the Tri-State Area, with feels-like temperatures reaching into the 100s.
A heat advisory goes into effect from Tuesday to Wednesday for NYC and the surrounding area, as feels-like temperatures could reach the 100s.
People in the New York City area should brace for more extreme weather this week.
A New Jersey daycare owner is accused of administering melatonin to two children in her care without the consent of their parents.
Most of the Tri-State Area will be under another air quality alert Thursday due to smoke from Canadian wildfires.
A heat advisory is in effect until Wednesday night for most of the Tri-State Area, with feels-like temperatures reaching into the 100s.
A Freehold Township High School teacher faces charges for allegedly having a sexual relationship with a student, prosecutors said Tuesday.
The Tri-State Area is dealing with extreme heat as cooling centers, pools, parks and other resources try to keep residents cool.
A former cargo ship captain pleaded guilty on Wednesday to drugging and raping a U.S. Merchant Marine Academy cadet.
The families of eight murdered women faced down Rex Heuermann and now want justice beyond the courtroom.
Authorities on Long Island are warning about a scheme in which victims are being urged to convert their savings into gold bars, then hand them over for "safekeeping."
Authorities on Long Island are warning about a scheme in which victims are being urged their savings into gold bars, and to then hand over those gold bars over for "safekeeping." CBS News New York's Carolyn Gusoff reports.
Some storms returned to the New York City and New Jersey area on Friday.
New York City officials confirmed Wednesday that outreach teams were midway through efforts to help the homeless at a sprawling West Side encampment before dismantling their living spaces.
The future of the New York City horse carriage industry was debated Wednesday at a City Council public hearing.
Acting Attorney General Todd Blanche testified Wednesday before the Senate Judiciary Committee for his confirmation hearing to lead the Justice Department in a permanent capacity.
The battle over carriage horses in New York City has gone on for decades, but on Wednesday the sides will square off in front of the City Council over a bill that is designed to effectively kill the industry.
Palestinian activist Mahmoud Khalil is suing the federal government and several private groups, alleging they were part of a conspiracy to suppress criticism of Israel.
A Queens man says he had trouble eating and drinking while suffering from cyclosporiasis.
The number of cyclosporiasis cases in the state of New York keeps growing.
As the number of cases of Legionnaires' disease on the Upper East Side continues to rise, City Council Speaker Julie Menin is blasting the Mamdani administration over its handling of the outbreak.
All of the Upper East Side buildings with cooling towers that tested positive for Legionella bacteria have completed necessary cleaning, New York City health officials said Sunday.
Thirty-one people who were hospitalized with Legionnaires' disease on the Upper East Side have been discharged, New York City health officials said Saturday.
New Zealand actor Sam Neill, known for "Jurassic Park" and "The Piano," died Monday at 78, his family says.
The final show of Jay-Z's anniversary concert series at Yankee Stadium was delayed for hours after hundreds of ticketless fans flooded the gates and breached security, according to officials.
Jay-Z and some very special guests took over Yankee Stadium on Friday night, performing to a sold-out crowd.
Bonnie Tyler, the Welsh pop star best known for singing the chart-topping power ballad "Total Eclipse of the Heart" in 1983, has died. She was 75.
Taylor Swift and Travis Kelce were married in a place that generates plenty of garbage, and one man figured out there is a market for it if you package it just right.
Defending World Cup champion Argentina rallied to edge England 2-1 to advance to Sunday's final at MetLife Stadium, where they will face Spain.
The World Cup semifinal between England and Argentina was a grudge match, reopening decades-old wounds for both countries.
Dylan Cease struck out the side in the first inning, combining with 10 relievers on a three-hitter in a show of pitching dominance that led the American League to a 4-0 win over the National League in the All-Star Game.
In a match Tuesday featuring two of soccer's biggest heavyweights, Spain put in a masterful performance, frustrating France to the tune of a 2-0 win to advance to Sunday's World Cup final.
Jordan Walker played spoiler in Philadelphia and homered on his last six swings to defeat Phillies slugger Kyle Schwarber at Citizens Bank Park.
Two Upper West Side children went on a mission to visit 40 playgrounds in one day, hoping to set a record.
Eddie Palmieri, the East Harlem legend who revolutionized Latin music, now has a street renamed in his honor.
Services for the UnderServed's urban gardens and beehives provide therapeutic opportunities for New Yorkers with intellectual and developmental disabilities and behavioral health challenges
Religious institutions across the country are exploring how their properties can help address the affordable housing crisis, with a Brooklyn development offering a model for blending community needs with faith-based missions.
The Classical Theatre of Harlem's artistic director says Shakespeare's famous tragedy is more relevant today, though audiences can always expect a twist.
People dressed in elaborate headgear and paraded up Fifth Avenue for New York City's Easter Sunday tradition.
The Halloween tradition strolled through Manhattan's East Village on Sunday, with furry friends dressed in colorful costumes.
A suspect was taken into custody after an attack on Pearl Street Mall in Boulder on June 1 in which there were 15 people and a dog who were victims. The suspect threw Molotov cocktails that burned some of the victims, who were part of a march for Israeli hostages.
The annual Easter Parade and Easter Bonnet Festival was held in Manhattan on April 20, 2025.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Knicks stars Jalen Brunson and OG Anunoby took home awards at the ESPYs on Wednesday.
The World Cup final match is set after Argentina won Wednesday's semifinal against England. They'll face off against Spain this Sunday at MetLife Stadium. CBS News New York's Larry Ridley reports.
CBS News New York's Lonnie Quinn has your First Alert Forecast for July 15 at 11 p.m.
There have been 517 reported cases of the parasitic infection cyclosporiasis across New York state since May, and nearly 400 of them are in New York City, health officials say. CBS News New York's Jenna DeAngelis reports.
There was a packed house in Jersey City on Wednesday for a City Council meeting as residents spoke out against a proposed tax hike.
