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.
Britain's King Charles III and Queen Camilla will visit New York City during their trip to the United States later this month.
The Los Angeles Angels beat the New York Yankees 7-1 on Tuesday night.
The Boston Bruins clinched the top wild-card spot in the Eastern Conference with a 4-0 win over the New Jersey Devils on Tuesday night.
The Carolina Hurricanes defeated the New York Islanders 2-1 on Tuesday night.
A man who was convicted in a series of hate crime assaults that took place in New York City in 2023 and 2024 has been sentenced.
Britain's King Charles III and Queen Camilla will visit New York City during their trip to the United States later this month.
A man who was convicted in a series of hate crime assaults that took place in New York City in 2023 and 2024 has been sentenced.
Brooklyn officials announced a first-of-its-kind initiative to build sensory rooms in every District 75 elementary school.
Mental health experts say 1 in 10 men suffer from paternal postpartum depression, and it is not a sign that you don't love your baby or partner.
Three lawsuits have been filed in New York and New Jersey after recalled barbeque grill brushes allegedly caused injuries.
Parts of the New York area could see record high temperatures during a summerlike stretch of weather this week.
A major warmup, featuring summer-like temperatures in the 80s, will take over the Eastern Seaboard beginning Monday.
New York City and the Tri-State Area are finally turning the corner to warmer weather this week.
When UConn plays Michigan for the NCAA Men's Basketball championship tonight in Indianapolis, there are a few places in New York City where fans can root on their schools.
The average price for a gallon of gas in New York City is now $4.11, which is 82 cents higher than a month ago, according to AAA.
Ashly Robinson, an influencer who went by Ashlee Jenae online, died on a trip with her fiancé in Zanzibar. Now, her family is searching for answers.
A report in "The Athletic" says NJ Transit is considering charging more than $100 for round-trip tickets from New York Penn Station to MetLife Stadium for World Cup games.
A freight train derailment in North Bergen, New Jersey, shut down Route 3 for hours Tuesday.
The Keansburg St. Patrick's Day was shut down just hours before it started after a suspicious device was found. Police arrested the man they say first planted it, and then reported it.
The victim of a deadly shooting at a Chick-fil-A restaurant in Union, New Jersey, has been identified as a 23-year-old customer from New York City.
Three lawsuits have been filed in New York and New Jersey after recalled barbeque grill brushes allegedly caused injuries.
There are some workforce worries at Long Island farm stands and wineries after ICE agents were recently spotted in East End towns.
Fire departments across New York are opening their doors this weekend in a bid to attract sorely needed new volunteers.
A cat was rescued when it was spotted lying on the Long Island Rail Road tracks between Lindenhurst and Babylon Sunday night.
Parts of the New York area could see record high temperatures during a summerlike stretch of weather this week.
President Trump has sparked a religious uproar with his attacks on Pope Leo XIV. On Tuesday, New York Archbishop Ronald Hicks chimed in.
New York City and the Tri-State Area are gearing up for a big summer. Major events include the 2026 FIFA World Cup and America's 250th birthday celebration. In New York City, police say they're prepared to keep everyone safe.
U.S. Secretary of the Interior Doug Burgum is urging New York Gov. Kathy Hochul to rethink her overall energy policy.
New York City Mayor Zohran Mamdani went to La Marqueta in East Harlem Tuesday to further discuss his plans for a city-run grocery stores.
Annika Albrecht, Ally Sammarco and influencer Cheyenne Hunt, who helped get their stories out, spoke with CBS News about the unraveling of the Democratic congressman's political career.
Advocates fear New York state could be taking a step back when it comes to biomarker testing access for those with Medicaid.
What started as a sinus infection left a Long Island teenager fighting for his life, requiring emergency brain surgery.
Older adults in New Jersey recorded the highest number of suspected overdose deaths in 2025, according to the New Jersey Department of Health.
The first case of mpox clade I has been detected in New York City, health officials said Friday. Of the two types of mpox, clade I is known to cause more severe disease and death.
Heights University Hospital, formerly known as Christ Hospital, shuttered its emergency room Saturday night.
The Rock And Roll Hall of Fame unveiled its list of inductees for 2026, and it includes the Wu-Tang Clan, the legendary, local hip-hop collective.
Jury selection for Harvey Weinstein's rape retrial in a Manhattan courtroom began Tuesday. He is being accused of raping actress Jessica Mann in 2013.
Afrika Bambaataa, a rapper and producer, was best known for breakthrough tracks like 1982's "Planet Rock" and for founding the Universal Zulu Nation art collective.
A federal judge in New York has tossed out actor Blake Lively's sexual harassment claims against actor Justin Baldoni over their roles in the movie "It Ends With Us," but left intact a claim for retaliation.
Atlanta rapper Gucci Mane was lured to a Dallas studio for a meeting, then allegedly kidnapped and robbed by a group including rappers Pooh Shiesty and Big30.
The Los Angeles Angels beat the New York Yankees 7-1 on Tuesday night.
The Boston Bruins clinched the top wild-card spot in the Eastern Conference with a 4-0 win over the New Jersey Devils on Tuesday night.
The Carolina Hurricanes defeated the New York Islanders 2-1 on Tuesday night.
A report in "The Athletic" says NJ Transit is considering charging more than $100 for round-trip tickets from New York Penn Station to MetLife Stadium for World Cup games.
Justin Wrobleski pitched two-hit ball over a career-high eight innings, Andy Pages launched a three-run homer and the Los Angeles Dodgers beat the punchless New York Mets 4-0 in a matchup between two of baseball's biggest spenders.
Brooklyn officials announced a first-of-its-kind initiative to build sensory rooms in every District 75 elementary school.
New York City Mayor Zohran Mamdani's administration unveiled a dramatic traffic redesign at Brooklyn's Grand Army Plaza.
New York City business owners are pushing on the State Legislature to pass Gov. Kathy Hochul's reforms that would roll back some of the climate legislation passed by New York state in 2019.
Ismael Ox lost his right hand as a child in a grenade attack, survived homelessness in the U.S., and became a citizen, all while training to represent Team USA in para Taekwondo.
These kids from Brooklyn are playing tennis in their school hallways, cafeterias and auditoriums, to make the most of limited space and resources.
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.
It's another warm day with some temperatures pushing 90. CBS News New York Meteorologist Tony Sadiku has the forecast.
Democratic Rep. Eric Swalwell and GOP Rep. Tony Gonzales officially submitted their resignation letters on Tuesday, avoiding expected votes to expel them from Congress over sexual misconduct allegations.
The U.S. blockade of Iran's ports was "fully implemented" on Tuesday, while President Trump said the next round of talks could take place "over the next two days." CBS News' Jarred Hill reports.
Federal prosecutors are asking an appeals court to overturn the Jan. 6 convictions for two far0right groups who helped plan the 2021 riots.
Emir Balat and Ibrahim Kayumi will be arraigned Wednesday on terror charges as prosecutors say they were behind an Isis-inspired attack outside Gracie Mansion.
