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.
New Yorkers lost about $6.5 billion to fraud schemes in 2025, according to a new report from the Consumer Federation of America.
A New Jersey toddler's death after falling more than 20 stories has prompted new legislation designed to ensure windows are properly guarded in apartment buildings across the state.
New Jersey Sen. Andy Kim is opening up about his father's Alzheimer's diagnosis in hopes of helping others struggling like him to care for their loved ones.
The widow of an NYPD detective killed in the line of duty in 2024 took the stand Thursday in the trial of the man accused of murdering him.
New York City Mayor Zohran Mamdani announced a court order that's meant to hit one of the city's "worst landlords" where it hurts.
New Yorkers lost about $6.5 billion to fraud schemes in 2025, according to a new report from the Consumer Federation of America.
The widow of an NYPD detective killed in the line of duty in 2024 took the stand Thursday in the trial of the man accused of murdering him.
New York City Mayor Zohran Mamdani announced a court order that's meant to hit one of the city's "worst landlords" where it hurts.
The NYPD says its heightened visibility around prominent Jewish religious and cultural locations citywide will continue after the attack at Temple Israel in Michigan.
Legendary New York City television news anchor Ernie Anastos has died. His wife says he died early Thursday morning of pneumonia.
It will be rainy on Thursday morning, and the weather will change to snow as temperatures drop across the Tri-State Area.
Thunderstorms are expected in New York, New Jersey and Connecticut this weekend after severe weather hit the Midwest.
Periods of rain will move through the New York area Thursday, but spring temperatures are on the way for the weekend.
Snow and rain will make for messy morning and evening commutes for New Yorkers on Tuesday. It's a First Alert Weather Day.
The Tri-State Area's weekend is looking like a tale of two seasons with both snow and sunshine.
A New Jersey toddler's death after falling more than 20 stories has prompted new legislation designed to ensure windows are properly guarded in apartment buildings across the state.
New Jersey Sen. Andy Kim is opening up about his father's Alzheimer's diagnosis in hopes of helping others struggling like him to care for their loved ones.
Gov. Mikie Sherrill hosted a ceremonial first train ride across the Portal North Bridge, designed to replace the trouble-plagued, 116-year-old Portal Bridge that long caused delays for commuters.
Two of New Jersey's biggest cities, Jersey City and Newark, are joining a push to bring FIFA World Cup celebrations to local streets.
Giants co-owners Steve, Laurie and Jonathan Tisch want to transfer their shares of the NFL club to their children's trusts, according to a league memo obtained by The Associated Press.
Jones Beach will host a series of special events commemorating America's 250th birthday this summer.
A Long Island woman is reuniting with the NYU Langone medical team that helped deliver her baby after she suffered from kidney failure.
A chilling cold case that goes back 52 years has been solved on Long Island, police say. DNA technology linked a former Oceanside sanitation worker to Barbara Waldman's 1974 murder.
Warmer weather has melted our frozen waterways, but that's giving rise to unusual hazards. The unusually cold winter uprooted docks, and sent debris into the bays and the Long Island Sound.
It will be rainy on Thursday morning, and the weather will change to snow as temperatures drop across the Tri-State Area.
A New Jersey toddler's death after falling more than 20 stories has prompted new legislation designed to ensure windows are properly guarded in apartment buildings across the state.
Gov. Mikie Sherrill hosted a ceremonial first train ride across the Portal North Bridge, designed to replace the trouble-plagued, 116-year-old Portal Bridge that long caused delays for commuters.
President Trump ordered the release of 172 million barrels of oil from the U.S.'s Strategic Petroleum Reserve on Wednesday, after oil prices rocketed to their highest levels in years amid the U.S.'s war with Iran.
About 30 U.S. service members remained hospitalized Tuesday after an Iranian drone strike in Kuwait.
New York City's minimum wage could climb to $30 per hour in the coming years. The proposal in the City Council stands to benefit of a lot of people, but there has also been significant pushback.
New Jersey Sen. Andy Kim is opening up about his father's Alzheimer's diagnosis in hopes of helping others struggling like him to care for their loved ones.
A new study shows toxic forever chemicals known as PFAS may be entering the food chain on Long Island through contaminated soil, water and air.
Erik Lochtefeld is back to acting and marathon training after a glioblastoma diagnosis and complex surgery at NYU Langone.
HHS Secretary RFK Jr. wants the popular coffee chains to prove their surgery drinks are safe for teens and suggested the Trump administration could place limits on your cup of coffee.
Failed contract agreements between Mount Sinai and Anthem have caused thousands of New York patients to lose in-network care.
Legendary New York City television news anchor Ernie Anastos has died. His wife says he died early Thursday morning of pneumonia.
Ballerina Misty Copeland responded to controversial comments made by actor Timothée Chalamet when he appeared to dismiss the significance of ballet and opera, saying, "No one cares."
A woman was arrested on Sunday for firing multiple shots at the Beverly Hills home of Rihanna, Los Angeles Police Department officials say.
Actress Daryl Hannah explains why the depiction of herself in the FX miniseries "Love Story" is unacceptable in an op-ed in Friday's New York Times.
Justin Timberlake is suing Sag Harbor to prevent the release of bodycam video of his 2024 arrest for driving while intoxicated on Long Island.
Zuby Ejiofor had 21 points as No. 13 St. John's opened the defense of last year's Big East Tournament title with an 85-72 win over Providence in the quarterfinals Thursday.
The New York Knicks rallied to beat the Utah Jazz 134-117 on Wednesday night to snap a two-game losing streak.
Two of New Jersey's biggest cities, Jersey City and Newark, are joining a push to bring FIFA World Cup celebrations to local streets.
Giants co-owners Steve, Laurie and Jonathan Tisch want to transfer their shares of the NFL club to their children's trusts, according to a league memo obtained by The Associated Press.
Just as anticipated, St. John's and UConn turned the Big East regular season into a two-team race. Maybe they're headed for one more heavyweight clash in the finals of the conference tournament.
Neighbors and local businesses in Long Island City, Queens, say rental trucks parked on streets are impacting daily operations.
Erik Lochtefeld is back to acting and marathon training after a glioblastoma diagnosis and complex surgery at NYU Langone.
Manhattan historians recently discovered a link to the Underground Railroad at the Merchant's House Museum.
The National Dance Institute in Harlem hosts a special camp twice a year to bring together dancers with and without special needs for a dance camp, proving anyone can take center stage.
Could New York City's harsh winter weather end up curbing the number of rats? Here's why experts are saying don't count on it.
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.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Dogs got decked out for the annual Tompkins Square Halloween Dog Parade in New York City's East Village on Saturday.
Cosplayers flooded New York City's Javits Center in October 2024 for the annual New York Comic Con convention.
Violins of Hope is a program that restores violins played by Jewish musicians during the Holocaust. Students on Long Island on Thursday learned about one of the darkest chapters in history through stories of music. CBS News New York's Kristine Johnson reports.
Fanatics Collect made the announcement late Thursday afternoon that it had brokered the sale of the unique 2013 Bowman Chrome Draft Pick Superfactor card, which is signed by the Yankees slugger. CBS News New York's Kristine Johnson reports.
The search is on for three people accused of stealing thousands of dollars in athletic leisure clothing from stores across New York City.
Staggering amounts of money are being lost to fraud schemes. New Yorkers alone lost about $6.5 billion just last year, according to a new report from the Consumer Federation of America. CBS News New York's Carolyn Gusoff spoke with victims who have one message – scams can happen to anyone.
New Jersey Gov. Mikie Sherrill and CBS News New York's Nick Caloway were among those who took the first trip over the new bridge on Thursday.
