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.
The Anne Frank Tree in Liberty Park in Lower Manhattan is struggling to survive.
After losing to Davenport, Iowa, in the Little League World Series over the weekend, the team from Bayonne, New Jersey, has another chance to stay in the series.
President Trump said that he would be "lowering the American flag" throughout the nation for one week in Dolly Parton's honor.
NYC's Empire State Building will pay tribute to music legend Dolly Parton Tuesday night. Parton, 80, died Tuesday in Nashville, her family announced.
Dolly Parton became an icon over her six-decade career as a Grammy-winning singer-songwriter, movie and TV star and theme park owner who donated millions to help others.
The Anne Frank Tree in Liberty Park in Lower Manhattan is struggling to survive.
NYC's Empire State Building will pay tribute to music legend Dolly Parton Tuesday night. Parton, 80, died Tuesday in Nashville, her family announced.
State officials sent letters to agencies across New York instructing them to unwind agreements with ICE by Tuesday.
The AMC Kips Bay 15 on Second Avenue has been open since 1999 but will shut down at the end of 2026, according to a spokesperson.
Police are looking for the man who they say shot a customer and robbed a Bronx deli early Tuesday.
A nice stretch of weather kicks off the week in the New York City area before a heightened chance of rain returns.
Along with the increasingly humid conditions comes another chance of showers and storms overnight Saturday into Sunday.
Rainy weather returns to the New York City area Sunday, bringing with it the threat of flooding.
Bayonne, New Jersey, is heading to the Little League World Series after beating Darien, Connecticut, in the Metro Region Tournament on Friday.
We're in great shape on this Friday as we gear up for another weekend.
After losing to Davenport, Iowa, in the Little League World Series over the weekend, the team from Bayonne, New Jersey, has another chance to stay in the series.
Dozens of syringes and other debris were found on the beach in Manasquan on the Jersey Shore over the weekend.
A New Jersey woman is trying to understand how a shocking message was left on her birthday dessert at a local restaurant.
A small earthquake was detected in Morris County, New Jersey, on Saturday, officials say.
A nice stretch of weather kicks off the week in the New York City area before a heightened chance of rain returns.
The names include people who died from 9/11-related illnesses.
A man was arrested after investigators said they found 23 guns and hundreds of grams of various illegal drugs at his Long Island home.
A funeral was held Sunday for a Long Island woman who died after her SUV plunged into a backyard pool.
Suffolk County Police say officers rescued a family from a boat that ran aground in the mouth of the Fire Island Inlet early Sunday morning.
Long Island's Sun and Surf Beach Club remained closed Saturday, two days after it was ravaged by a tornado.
State officials sent letters to agencies across New York instructing them to unwind agreements with ICE by Tuesday.
A coalition representing 1,000 minority-owned bodegas and supermarkets is suing to stop New York City Mayor Zohran Mamdani's plan to build five city-run grocery stores.
The Supreme Court divided 6-3 in granting the Trump administration's request for emergency relief.
The meeting came with Democrats expected to take control of the House in the November elections, which would put Jeffries in line to become the next House speaker.
Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, said the tariff fight with Canada could extend U.S. inflation, should the tense trade dynamic between the historically allied countries continue.
This year, ER visits for tick bites have increased dramatically, corresponding with a new threat: a rise in Alpha-gal syndrome (AGS), where one bite from a lone star tick can make you violently allergic to red meat. How can you best avoid tick bites?
A New Yorker has tested positive for West Nile virus, the city health department announced Wednesday.
Researchers say an alarming study on cognitive decline is specific to the African American community in Newark, New Jersey.
Moderna and Merck announced study results that reflect a "landmark moment" in treatment for one of the deadliest forms of skin cancer.
Two more deaths have been reported in connection to the Legionnaires' disease cluster on the Upper East Side, health officials said Friday.
President Trump said that he would be "lowering the American flag" throughout the nation for one week in Dolly Parton's honor.
NYC's Empire State Building will pay tribute to music legend Dolly Parton Tuesday night. Parton, 80, died Tuesday in Nashville, her family announced.
Dolly Parton became an icon over her six-decade career as a Grammy-winning singer-songwriter, movie and TV star and theme park owner who donated millions to help others.
"Today, Elwood and I lost a great friend and collaborator, and the world lost one of the most naturally innovative drummers and a great and true son of Texas," ZZ Top's Billy Gibbons said in a statement.
Brian Hickerson and his brother, Zach, made the 911 call that brought first responders to the apartment where Hayden Panettiere was found unresponsive.
After losing to Davenport, Iowa, in the Little League World Series over the weekend, the team from Bayonne, New Jersey, has another chance to stay in the series.
Defender James Sands made a spectacular goal clearance before scoring in first-half stoppage time to help NYCFC earn a 1-1 draw with the New England Revolution on Sunday.
It was Peters' third walk-off hit of the season.
The New York Yankees pulled away for an 8-3 victory over the Toronto Blue Jays on Sunday.
The boys from Bayonne, New Jersey, had their first loss of the season Sunday, but their Little League World Series journey isn't over yet.
The DSNY reported an increase in needle stick injuries for New York City sanitation workers.
A Queens homeowner says that overgrown city trees on her block are creating a safety hazard at night.
Neighbors say Flushing Meadows Corona Park has been falling into disrepair for years.
The owner of a beloved Harlem food truck known for its burgers under $5 is retiring and selling the business.
The historic Art Deco bathhouse at Jacob Riis Park is getting a new life as the Rockaway Ocean Club. But as the long-dormant building reopens, some locals are questioning who will have access to its amenities.
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.
With immigration arrests spiking last month to all-time highs, a new state law took effect in New York stopping local cops from signing cooperation agreements with Immigration and Customs Enforcement agents. CBS News New York's Marcia Kramer reports.
After losing to Davenport, Iowa, in the Little League World Series over the weekend, the team from Bayonne, New Jersey, has another chance to stay in the series. CBS News New York's Christine Sloan reports.
A terrifying shooting and robbery caught on video inside a Bronx bodega took the life of a 33-year-old customer inside. Police said the gunman is also wanted for a murder in Brooklyn earlier this week. CBS News New York's Jennifer Bisram reports.
Jets training camp is wrapping up as they get ready to angle with the Giants in the final preseason game for both teams. CBS News New York's Otis Livingston reports.
It's a great week to be outside, but the rain will return Thursday. CBS News New York Meteorologist John Elliott has the forecast.
