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.
Watch CBS News
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.
Protesters and Newark police clashed Wednesday night outside Delaney Hall, just one day after a 9 p.m. curfew was lifted outside the ICE detention center in Newark.
A New York woman captured on video the moment she says she was assaulted on the C train in Manhattan last weekend.
Thousands of Knicks fans converged on Madison Square Garden on Wednesday night for a pair of NBA Finals watch parties.
Jalem Brunson finished with 30 points as the Knicks overcame a double-digit third-quarter deficit and beat the Spurs 105-95 in Game 1 of the NBA Finals on Wednesday night.
José Ramírez launched one of Cleveland's three home runs off Gerrit Cole as the Guardians beat the Yankees 5-4 on Wednesday night.
A New York woman captured on video the moment she says she was assaulted on the C train in Manhattan last weekend.
Thousands of Knicks fans converged on Madison Square Garden on Wednesday night for a pair of NBA Finals watch parties.
Jalem Brunson finished with 30 points as the Knicks overcame a double-digit third-quarter deficit and beat the Spurs 105-95 in Game 1 of the NBA Finals on Wednesday night.
New York Gov. Kathy Hochul tapped into World Cup mania on Wednesday, announcing a multimillion-dollar program to build soccer pitches all over the state.
If you ride an e-bike or e-scooter in the Long Island city of Long Beach, don't take it on the boardwalk or you could face a hefty fine.
It's unseasonably warm in New York City on Wednesday as humidity adds to the summer-like weather. There's also a slight chance for showers in parts of the Tri-State Area.
It's back to feeling like spring, and even summer on some days, as warm weather and sunshine return to the New York area.
A final round of showers is moving through the New York area in the morning before the rest of the week turns much drier and warmer.
The New York area is off to a soggy start to the unofficial kickoff of summer with rainy weather this Memorial Day Weekend.
It's a gloomy day with rain lingering across the Tri-State Area as Memorial Day weekend shapes up to be unsettled.
Protesters and Newark police clashed Wednesday night outside Delaney Hall, just one day after a 9 p.m. curfew was lifted outside the ICE detention center in Newark.
For weeks, there have been protests inside and outside Delaney Hall immigration detention center in Newark. One woman whose husband is inside is scheduled to give birth Thursday. She just wants him to come home.
A car crashed into a River Edge, N.J. building early Wednesday morning and burst into flames. Residents used the fire escape to get out.
Here are the results for the Primary Day races in New Jersey.
The FIFA World Cup trophy made its way to New York City on Tuesday. One soccer legend explained the thrill of lifting it years ago.
If you ride an e-bike or e-scooter in the Long Island city of Long Beach, don't take it on the boardwalk or you could face a hefty fine.
With Game 1 of the NBA Finals set for Wednesday night in San Antonio, New York City has three official Knicks watch parties -- inside and outside Madison Square Garden and in Central Park.
A prediction market reported former U.S. Rep. George Santos to federal prosecutors after he boasted he'd be going to President Trump's State of the Union address, then bet against his own attendance, the Associated Press reported.
Police on Long Island announced the identity of the woman who allegedly stabbed a man while he was sleeping at a Massapequa home.
A man was stabbed to death in a Massapequa home on Long Island Monday morning, Nassau County police said.
New York Gov. Kathy Hochul tapped into World Cup mania on Wednesday, announcing a multimillion-dollar program to build soccer pitches all over the state.
For weeks, there have been protests inside and outside Delaney Hall immigration detention center in Newark. One woman whose husband is inside is scheduled to give birth Thursday. She just wants him to come home.
A prediction market reported former U.S. Rep. George Santos to federal prosecutors after he boasted he'd be going to President Trump's State of the Union address, then bet against his own attendance, the Associated Press reported.
Kean has been missing from the job since March, citing a "personal medical issue."
Here are the results for the Primary Day races in New Jersey.
New Jersey Gov. Mikie Sherrill is urging people to donate blood ahead of the summer months.
There's no vaccine for the Bourbon virus, nor medicine to treat it, according to the U.S. Centers for Disease Control and Prevention.
Marie Francillion was diagnosed with lung cancer after she was feeling heartburn and shoulder pain. She said she's able to remain hopeful and spend more time with her family because of a different type of treatment.
New York City's Department of Health is evaluating an East Village apartment complex after two residents were diagnosed with Legionnaires' disease over the course of a year.
Thousands of people showed up bright and early for AIDS Walk New York 2026, the largest HIV and AIDS fundraiser in the U.S., in Central Park on Sunday.
Knicks superfan Spike Lee stopped by CBS Mornings to give his thoughts as the Knicks get set to play in the NBA Finals, and he offered his prediction, too.
Peabo Bryson, a two-time Grammy-winning singer and songwriter known for Disney movie hits "Beauty and the Beast" and "A Whole New World," has died at age 75.
Not many people know Hollywood icon Marilyn Monroe's splash to stardom began at a Long Island beach.
Federal prosecutors have indicted ex-Miami Heat guard Terry Rozier on additional charges related to a sports gambling sting.
President Trump said he is considering replacing the Freedom 250 concert series with a rally after many artists dropped out.
Thousands of Knicks fans converged on Madison Square Garden on Wednesday night for a pair of NBA Finals watch parties.
Jalem Brunson finished with 30 points as the Knicks overcame a double-digit third-quarter deficit and beat the Spurs 105-95 in Game 1 of the NBA Finals on Wednesday night.
José Ramírez launched one of Cleveland's three home runs off Gerrit Cole as the Guardians beat the Yankees 5-4 on Wednesday night.
Bo Bichette had four hits and three RBIs and the Mets avoid a sweep by beating the Mariners 7-1 on Wednesday.
New York Gov. Kathy Hochul tapped into World Cup mania on Wednesday, announcing a multimillion-dollar program to build soccer pitches all over the state.
Garbage piling up near freight train tracks is frustrating many Maspeth residents.
Residents and elected officials are urging the MTA to reopen the Long Island Rail Road's former Elmhurst station, arguing that the neighborhood has outgrown its current transit options.
Before there was a Brooklyn, there was a flagpole, and since the earliest days of our country, it stood as a symbol of freedom and self-determination.
Monitor Point proposal in Greenpoint would bring 1,150 apartments, including 460 affordable units, to former industrial waterfront site.
Gold Star families, veterans and thousands of spectators gathered in Bay Ridge to remember those who made the ultimate sacrifice.
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.
New Yorkers will get an update Thursday on transportation and other preparations ahead of the World Cup.
CBS News New York's Luis Miguel Echegaray sat down with New York City Mayor Zohran Mamdani to talk about a $26 meal deal at local restaurants during the World Cup.
A new study named Grand Central Terminal the best in the country and seventh best in the world.
Israel and Lebanon agreed Wednesday to renew their fragile ceasefire, but a peace deal with Iran remains elusive. CBS News' Jarred Hill reports.
From Madison Square Garden to Central Park, thousands of fans dressed in orange and blue to watch the Knicks take on the Spurs in Game 1 of the NBA Finals. CBS News New York's Elijah Westbrook reports.
