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.
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.
Gov. Hochul secures funding for New Yorkers struggling with mental illness and involved in the criminal justice system.
Two heroic men saved a little girl that was running into into a busy intersection in East Hartford, Connecticut.
More young people are learning how to make ghost guns online after watching videos about subjects like video games, Manhattan DA Alvin Bragg said.
Mayor Eric Adams announced New York City's executive budget for the next fiscal year on Wednesday.
A New Jersey woman has received a first-of-its-kind transplant using a modified pig kidney along with a heart pump.
Gov. Hochul secures funding for New Yorkers struggling with mental illness and involved in the criminal justice system.
More young people are learning how to make ghost guns online after watching videos about subjects like video games, Manhattan DA Alvin Bragg said.
Mayor Eric Adams announced New York City's executive budget for the next fiscal year on Wednesday.
Some Queens residents are fuming over cars parking on beloved greenway.
Authorities with several law enforcement agencies searched an area in Manorville Wednesday for evidence in the Gilgo Beach murders case.
Two heroic men saved a little girl that was running into into a busy intersection in East Hartford, Connecticut.
Expect to see a passing shower this afternoon, with a rumble here and there. Temperatures will be in the upper 60s to around 70 degrees.
U.S. News & World Report on Tuesday released their 2024 high school rankings, including nearly 2,000 in New York, New Jersey and Connecticut combined.
We're about to get into the heart of severe weather season in the Tri-State Area, so what can you do to prepare your home and property?
Today will be sunny, breezy and mild with highs in the mid-60s. Then, we're tracking some rain showers late tonight.
A New Jersey woman has received a first-of-its-kind transplant using a modified pig kidney along with a heart pump.
The city of Passaic, New Jersey is receiving over $1.5 million in federal funds for flash flood remediation.
Expect to see a passing shower this afternoon, with a rumble here and there. Temperatures will be in the upper 60s to around 70 degrees.
U.S. News & World Report on Tuesday released their 2024 high school rankings, including nearly 2,000 in New York, New Jersey and Connecticut combined.
We're about to get into the heart of severe weather season in the Tri-State Area, so what can you do to prepare your home and property?
Gov. Hochul secures funding for New Yorkers struggling with mental illness and involved in the criminal justice system.
Authorities with several law enforcement agencies searched an area in Manorville Wednesday for evidence in the Gilgo Beach murders case.
U.S. News & World Report on Tuesday released their 2024 high school rankings, including nearly 2,000 in New York, New Jersey and Connecticut combined.
Many romance scam support groups are full of people making other questionable promises of recovering funds, the CBS New York Investigative Team found.
Suffolk County law enforcement officers are now equipped with a tool to help people on the autism spectrum during stressful encounters.
Gov. Hochul secures funding for New Yorkers struggling with mental illness and involved in the criminal justice system.
Mayor Eric Adams announced New York City's executive budget for the next fiscal year on Wednesday.
House Speaker Mike Johnson was met with loud boos as he visited Columbia University, where he joined calls for the president's resignation amid pro-Palestinian protests.
The New Jersey Democrat suffered "a cardiac episode based on complications from his diabetes" earlier this month, his office said.
Columbia University has given students 48 hours to dismantle their pro-Palestinian protest on the school's main lawn.
A New Jersey woman has received a first-of-its-kind transplant using a modified pig kidney along with a heart pump.
Suffolk County law enforcement officers are now equipped with a tool to help people on the autism spectrum during stressful encounters.
High blood pressure, or hypertension, may increase the risk of dementia, according to a new study. Hear from a doctor for advice on lowering your risk factors.
A New York City company promoted "$0 cost" COVID tests, then got over 100 complaints after people were told they may owe hundreds.
On the eve of 4/20, Gov. Kathy Hochul unveiled a plan for law enforcement to lock up thousands of illegal marijuana shops.
Mary J. Blige, Cher, Foreigner, A Tribe Called Quest, Kool & The Gang, Ozzy Osbourne, Dave Matthews Band and Peter Frampton have been named to the Rock & Roll Hall of Fame.
The classic musical, which first opened in 1966, is back on Broadway in an immersive new production titled "Cabaret at the Kit Kat Club," starring Eddie Redmayne, Gayle Rankin and Bebe Neuwirth. Leave your troubles outside!
Taylor Swift's new album, "The Tortured Poets Department," was released Friday, and Swifties in New York City came together to celebrate.
Anticipation was growing at a fever pitch before Taylor Swift's latest album, "The Tortured Poets Department," dropped at midnight EDT. But it turned out it's actually a double album.
The singers first dated in 2003 and delighted fans when they rekindled their relationship in 2023.
Logan Webb pitched eight strong innings and extended his scoreless streak to 19 as the San Francisco Giants beat the New York Mets 5-1 on Tuesday night.
Anthony Rizzo snapped a lengthy power drought with a two-run homer that capped a four-run first inning, and the New York Yankees held on for a 4-3 win over the Oakland Athletics.
Vincent Trocheck and Mika Zibanejad each had a goal and an assist and the Presidents' Trophy-winning New York Rangers held on to beat the Washington Capitals 4-3 for a 2-0 lead in their first-round playoff series.
The New York Knicks stunned fans with a come-from-behind win over the Philadelphia 76ers at Madison Square Garden.
A Philadelphia 76ers spokesperson said the team plans to file a grievance over the officiating in the team's 104-101 loss to the New York Knicks on Monday night at Madison Square Garden.
Some Queens residents are fuming over cars parking on beloved greenway.
The 12th Annual Black Comic Book Festival returns to the Schomburg Center later this week.
There are plans to turn an Inwood parking lot into new affordable apartments for the community.
From affordable housing to commercial properties, New York City developers are addressing the climate crisis in a variety of ways.
A New York City organization is taking action to clean up drug needles and syringes littering a South Bronx park.
The Francis Scott Key Bridge in Baltimore collapsed early Tuesday, March 26 after a column was struck by a container ship that reportedly lost power, sending vehicles and people into the Patapsco River.
The 50th Annual Village Halloween Parade drew massive crowds, celebrating the theme "Upside/Down:Inside/OUT."
As much of the northeast experiences heavy rains, parts of New York City are beginning to flood.
Thousands of people flooded Union Square on Friday for a PlayStation giveaway promoted by livestreamer Kai Cenat.
A crane went up in flames high above Manhattan, then partially collapsed onto the street below.
Two heroic men saved a little girl that was running into into a busy intersection in East Hartford, Connecticut.
CBS New York's Lonnie Quinn is calling for a high of 59 on Thursday and 63 on Friday.
Police searched a wooded area of Manorville on Wednesday for new evidence connected to the Gilgo Beach murders. CBS New York's Long Island reporter Jennifer McLogan has been covering this case for years and has the latest details.
One hundred young migrants volunteered to clean up a park in Harlem on Wednesday morning. They say it's a small way to give back to the city that's provided them with so much. CBS New York's Natalie Duddridge reports.
Otis Livingston has more on skateboarding guru Jagger Eaton and and track and field star Erriyon Knighton.