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.
Neon green stickers will be placed on cars that ignore alternate-side parking in an effort to make it easier for sanitation workers to clean the New York City streets.
A CBS News New York Investigation finds New York City is on pace for the most manhole fires in 11 years.
The New York Yankees beat the St. Louis Cardinals 2-0 on Tuesday night.
The New York Mets defeated the Cleveland Guardians 6-2 on Tuesday night to snap a three-game losing streak.
Federal authorities arrested a man who appeared to be monitoring security-planning activities at Trump National Golf Club in LA County ahead of the president's Southern California visit.
Neon green stickers will be placed on cars that ignore alternate-side parking in an effort to make it easier for sanitation workers to clean the New York City streets.
A CBS News New York Investigation finds New York City is on pace for the most manhole fires in 11 years.
Doctors and other organizations say there's something women can do to help reduce their chances of developing ovarian cancer by 80%.
The family of a man killed in a shooting in Yonkers on Sunday night says he was in the wrong place at the wrong time.
Karina Vetrano's convicted killer Chanel Lewis' attorney said he would soon be filing an appeal in the 2016 murder that shocked New York City.
New York City and parts of New Jersey were under a flood watch due to downpours and strong storms Monday.
Stormy weather will return to the New York City area on Monday, bringing the threat of heavy rain and storms that may lead to flash flooding.
There's been a report of a bigfoot sighting near the Pachaug State Forest in Connecticut.
Heavy rain is complicating efforts to recover a teenage boy from the West River in New Haven. Strong currents and an increased flow have made the job even more difficult.
It's another rainy day in the Tri-State Area with a flood watch for parts of New York and Connecticut.
The family of a man who died at the Delaney Hall immigration detention center in Newark, New Jersey, is demanding justice.
Protesters gathered at the gates of Delaney Hall immigration detention center in Newark, New Jersey, Monday following the death of an ICE detainee.
The power was restored Tuesday morning after going out at the American Dream Mall in East Rutherford, N.J. Monday afternoon.
Strong downpours have dumped rain on parts of New York and New Jersey that are still recovering from last week's severe weather.
New York City and parts of New Jersey were under a flood watch due to downpours and strong storms Monday.
Communities across New York City and Long Island came together Tuesday for National Night Out.
On Long Island, a farm is helping kids cope using therapy horses. CBS News New York's John Dias reports.
Suffolk County Police are trying to identify an Asian man whose body was discovered on Gilgo Beach in 2011.
A Columbia University medical student is recovering after being shot in the face by Nassau Police. Police say he charged at officers with a knife Monday night. CBS News New York's Carolyn Gusoff reports.
A Nassau County police officer shot a man in the face after he allegedly smashed a patrol car window with a knife in Westbury, Long Island, police said.
Federal authorities arrested a man who appeared to be monitoring security-planning activities at Trump National Golf Club in LA County ahead of the president's Southern California visit.
In total, 17 bills will be introduced in the City Council next month to increase safety regulations around e-bikes and e-scooters, while also strengthening enforcement of existing laws.
Protesters gathered at the gates of Delaney Hall immigration detention center in Newark, New Jersey, Monday following the death of an ICE detainee.
Some 9/11 families are defending New York City Mayor Zohran Mamdani's inclusion in this year's solemn remembrance ceremony after an online petition asked he not attend.
There has been so much confusion about the pied-à-terre tax and the way city notified homeowners, the City Council has scheduled a public hearing to demand answers.
The source of exposure for the Legionnaires cluster on Manhattan's Upper East Side has been eliminated, according to the New York City Health Department.
A seventh person has died from Legionnaires' disease in connection with the Upper East Side cluster, New York City's health commissioner said Thursday.
Thirty-four cooling towers at 33 buildings on the Upper East Side tested positive for live Legionella bacteria, the New York City Health Department announced Tuesday.
An attorney representing an Upper East Side woman whose husband just died from Legionnaires' disease is planning to take legal action.
Studies show older adults are among the safest drivers on the road, but crashes involving seniors are on the rise.
Designer John Galliano is known for his theatrical and dramatic designs, but his legacy is also marked by antisemitic and racist comments.
"The Sopranos" actor Vincent Pastore is being remembered as a fixture in his Bronx community.
Vincent Pastore played Salvatore "Big Pussy" Bonpensiero on all six seasons of "The Sopranos," which aired from 1999 to 2007.
A new Broadway show based on Prince's movie and album "Purple Rain" will take the stage at Broadway's Majestic Theatre in March.
Carly Simon, the singer known for 1970s hits like "You're So Vain," announced she has Parkinson's disease and also was treated for basal cell carcinoma.
The New York Yankees beat the St. Louis Cardinals 2-0 on Tuesday night.
The New York Mets defeated the Cleveland Guardians 6-2 on Tuesday night to snap a three-game losing streak.
The Chicago Cubs acquired pitcher Clay Holmes and outfielder Tyrone Taylor from the last-place New York Mets on Monday for touted infield prospect Jefferson Rojas.
José Caballero lined a two-run homer, Gerrit Cole pitched into the sixth inning and the New York Yankees hung on to top the Chicago Cubs 2-1 on Sunday.
The Miami Marlins beat the Mets 2-0 Sunday shortly after New York traded opening day starter Freddy Peralta to Tampa Bay.
Parents in Harlem say their children's walk to summer camp is littered with trash, illegal dumping and a growing encampment.
A specialized program from God's Love We Deliver is serving nearly 400 veterans with medically tailored meals, while helping combat isolation and ease the challenges of life after military service.
The Newtown Creek Alliance community science project gives students hands-on experience monitoring the health of one of the most polluted waterways in the U.S.
The FIFA World Cup is delivering a business boost for many bars and restaurants across New York City, but not every industry is seeing the same payoff.
Two Upper West Side children went on a mission to visit 40 playgrounds in one day, hoping to set a record.
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.
Department of Sanitation workers are putting large warning stickers on cars that block street sweepers for the first time since 2012. CBS News New York's Elijah Westbrook reports.
Starting on Sept. 1, PATH customers can only enter the system by using TAPP or another contactless payment.
The SNL star will take over the lead role of "Mary Todd Lincoln" in the Tony Award-winning play.
The new project will include the use of AI, aerial imagery and climate forecasting to examine the city's tree canopy to create planting strategies.
New York City Council Speaker Julie Menin said 17 safety bills will be introduced over the next month. CBS News New York's Aziza Shuler reports.
