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.
An Air Canada flight out of Newark, New Jersey was forced to divert and land at Boston's Logan Airport after the pilot became "incapacitated," Massachusetts State Police said.
Police and firefighters responded to the scene of a fire and explosion at a Vitane Pharmaceutical building in Congers.
The FBI on Wednesday morning arrested Frank Carone, the former chief of staff to former Mayor Eric Adams at his Manhattan home, as well as his brother, Anthony Carone, and Queens hotel owner Yan Po Zhu.
The parents of the teen killed in the horse carriage crash in Central Park are remembering their son as rides resume a week after the tragedy.
Three separate search warrants were carried out Wednesday due to a joint NYPD and FBI investigation into alleged corruption within the police department, according to sources.
Police and firefighters responded to the scene of a fire and explosion at a Vitane Pharmaceutical building in Congers.
The FBI on Wednesday morning arrested Frank Carone, the former chief of staff to former Mayor Eric Adams at his Manhattan home, as well as his brother, Anthony Carone, and Queens hotel owner Yan Po Zhu.
The parents of the teen killed in the horse carriage crash in Central Park are remembering their son as rides resume a week after the tragedy.
Three separate search warrants were carried out Wednesday due to a joint NYPD and FBI investigation into alleged corruption within the police department, according to sources.
New York City Mayor Zohran Mamdani endorsed three left-of-center candidates in the congressional Democratic primaries, and all three are set to win, CBS News projects.
Monday's severe weather has come and gone, but that doesn't mean the system is leaving the area.
After a tranquil, warm weekend, more turbulent weather lies ahead in the New York City area.
Weather is tranquil and pleasant in the New York City area for Father's Day weekend as summer officially begins.
Dangerous heat is building across the Tri-State Area with the threat of severe storms, making Thursday and Friday First Alert Weather Days.
Thursday and Friday will be First Alert Weather Days in the New York City area, with high temperatures and the chance for strong storms.
The owner of a New Jersey diner says World Cup matches at MetLife Stadium have been bad for business.
Monday's severe weather has come and gone, but that doesn't mean the system is leaving the area.
A man from New Jersey was charged after he allegedly hit and killed two teen pedestrians in Townsend, Delaware, over the weekend.
After a tranquil, warm weekend, more turbulent weather lies ahead in the New York City area.
Traffic will be impacted in Midtown Manhattan as the city initiates shuttle bus corridors and street closures to accommodate World Cup ticketholders.
All three candidates backed by NYC Mayor Zohran Mamdani were projected to win their Democratic primaries Tuesday night.
A woman, her mother and her daughter from Bayport were all indicted in connection with Jor'Dynn Duncan's death on Long Island.
There is a new kind of on-demand video messaging called "kosher cameos" that just launched on Long Island and it doesn't cost a thing.
Monday's severe weather has come and gone, but that doesn't mean the system is leaving the area.
Firefighters in Hempstead used a ladder truck to free a seagull that got tangled in a rope above a busy street.
The FBI on Wednesday morning arrested Frank Carone, the former chief of staff to former Mayor Eric Adams at his Manhattan home, as well as his brother, Anthony Carone, and Queens hotel owner Yan Po Zhu.
Three separate search warrants were carried out Wednesday due to a joint NYPD and FBI investigation into alleged corruption within the police department, according to sources.
President Trump canceled a planned signing ceremony on Wednesday for a housing affordability bill that passed Congress by wide bipartisan margins.
New York City Mayor Zohran Mamdani endorsed three left-of-center candidates in the congressional Democratic primaries, and all three are set to win, CBS News projects.
Anthony Constantino beat Robert Smullen in New York's 21st Congressional District.
An off-duty EMT jumped into action at the Knicks parade Thursday when a man appeared to be suffering from an overdose.
New York broadcast giant Bill Ritter announced Friday he is stepping down from the WABC anchor desk after being diagnosed with early stage Alzheimer's.
For half a century, The Valerie Fund has been dedicated to providing care to children with cancer and blood disorders.
A New Jersey nonprofit called The Valerie Fund is celebrating 50 years of providing comprehensive care to children with cancer and blood disorders.
New Jersey Gov. Mikie Sherrill is urging people to donate blood ahead of the summer months.
Clive Davis helped shape the careers of music stars including Janis Joplin, Bruce Springsteen and Whitney Houston.
When a large tent appeared next door to Taylor Swift's Watch Hill estate this week, it didn't take long for speculation about the superstar's impending nuptials to ripple through the affluent New England seaside village.
Claude Guillemot and a flight instructor were flying in a twin-motor Cessna 421 on Friday evening. An investigation into the crash is underway.
James Burrows directed more than 1,000 episodes of television, including every episode of the original "Will & Grace."
A New York Knicks documentary series is in the works from director and Knicks superfan Ben Stiller.
Pete Crow-Armstrong hit a three-run homer, Dansby Swanson also went deep and drove in four and the Cubs beat the Mets 9-6 on Tuesday night.
Jazz Chisholm Jr. homered, drove in two runs and scored twice and the New York Yankees beat the Detroit Tigers 4-3.
In her first broadcast TV interview since Jalen Brunson helped lead the Knicks to victory, Sandra Brunson told CBS News she sends her son "words of encouragement" to keep the games in perspective.
New York City sanitation workers picked up more than 75,000 pounds of confetti and litter after the Knicks ticker-tape parade, likely a new record.
FIFA Men's World Cup fans in New York City can soak in the history of the tournament at the FIFA museum at Rockefeller Center in Midtown.
After learning to swim in her 40s, one school leader is helping students gain life-saving skills.
Entrepreneurs in Brooklyn are reimagining laundry day as a social experience, turning neighborhood laundromats into gathering spaces.
Experts say the team's title run created a feeling of collective joy and connection, while some local businesses are also seeing a boost from the celebration.
Knicks fans who couldn't make it to Thursday's parade still found a way to celebrate across New York in true blue-and-orange fashion.
A vending machine in Coney Island is offering something unusual alongside the neighborhood's classic attractions: original artwork from local artists.
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.
The New York City mayor helped topple two sitting congressmen and elect a little-known Brooklyn assemblywoman to replace a retiring congresswoman. CBS News New York's Marcia Kramer reports.
There were three separate investigations on Wednesday, all involving bribery allegations that relate to associates of former Mayor Eric Adams. CBS News New York's Ali Bauman reports.
A hawk was rescued after coaches and parents saw it stuck in a batting cage at Redwing Field Park in Levittown.
It's clear and sunny skies Wednesday but showers could impact Thursday and the weekend. CBS News New York Meteorologist John Elliott has the forecast.
First responders are at the scene of a factory in Congers after a fire and explosion were reported Wednesday morning.
