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.
The New York Knicks routed the Milwaukee Bucks 127-98 on Friday night.
Jaylen Brown had 28 points, nine assists and seven rebounds and the Boston Celtics rolled past the Brooklyn Nets 148-111 on Friday night.
The Tri-State Area's weekend is looking like a tale of two seasons with both snow and sunshine.
Pokémon fans across New York City waited in live for special events marking the franchise's 30th anniversary.
Neighbors of a home displaying hateful symbols in Woodland Park, New Jersey, say they have complained to police, but authorities said while it's disgraceful, it's still protected speech.
The Tri-State Area's weekend is looking like a tale of two seasons with both snow and sunshine.
Pokémon fans across New York City waited in live for special events marking the franchise's 30th anniversary.
Federal prosecutors said they won't appeal a judge's ruling that bars them from seeking the death penalty against Luigi Mangione in the killing of UnitedHealthcare CEO Brian Thompson.
An oversight hearing into New York City's response to both of this year's major snowstorms took place at City Hall on Friday.
After days of uncertainty, we now know the Staten Island St. Patrick's Day Parade will go on as scheduled Sunday.
The Tri-State Area's weekend is looking like a tale of two seasons with both snow and sunshine.
Another round of snow is impacting the Tri-State Area Wednesday, just after a major blizzard dumped more than 2 feet of snow in some parts of New York and New Jersey.
Pet owners should be extra cautious with their pets during and after the major winter snowstorm impacting the New York and New Jersey area.
Double-digit snow totals have been reported across New York, New Jersey and Connecticut as a major blizzard begins to wind down.
The storm has started to wrap up in New York City, New Jersey and beyond, with impressive snow totals left in its wake.
The Tri-State Area's weekend is looking like a tale of two seasons with both snow and sunshine.
Neighbors of a home displaying hateful symbols in Woodland Park, New Jersey, say they have complained to police, but authorities said while it's disgraceful, it's still protected speech.
John Shippen was a child of former slaves who found his way onto a golf course and made history there.
The Jersey City community is in shock after learning the emergency room at Heights University Hospital, formerly known as Christ Hospital, is closing in two weeks.
A small fire that caused a smoke condition at the Hoboken PATH station early Friday morning has forced the suspension of service there through the evening rush hour.
A driver who allegedly struck and critically injured a Nassau County Police crossing guard on Long Island appeared in court Friday.
Four people were injured in a crash on the Long Island Expressway Friday morning.
A Long Island man accused of burning down four homes in the Pocono Mountains was arrested in New York City with a truck full of nitrous oxide.
Nassau County DA Anne Donnelly said Wen-Lone Chou stockpiled parts and tested the guns he built in a makeshift shooting range in his Mineola basement.
A Long Island crossing guard is in critical condition after being hit while shoveling snow in Merrick, sources said.
New York City Mayor Zohran Mamdani said his proposal to build a rail platform over Amtrak's Sunnyside, Queens rail yard would add more housing than Battery Park City and Hudson Yards put together.
Former President Bill Clinton denied any knowledge of Jeffrey Epstein's crimes in an opening statement before the House Oversight Committee in New York.
Julie Menin is settling into her role as the seventh elected speaker of the New York City Council.
At least one U.S. citizen was also among the six who were wounded and arrested by Cuban authorities, a U.S. official said.
New York City Mayor Zohran Mamdani traveled to Washington, D.C., Thursday to meet with President Trump.
For the first time in 30 years, the Food and Drug Administration has approved a new treatment for an inoperable type of pancreatic cancer.
NYSNA has reached a tentative contract agreement with NewYork-Presbyterian, signaling a potential end to the longest nurses strike in New York City history.
NYSNA ratified contracts with Montefiore and Mount Sinai, clearing the way for nurses to return to work Saturday after walking off one month ago.
The longest and largest nurses strike in New York City history is set to end after over three weeks as NYSNA says it has a tentative agreement.
Mount Sinai Health System and Anthem Blue Cross Blue Shield failed to reach a contract agreement by Dec. 31, which means about 9,000 physicians are no longer considered in-network.
Pokémon fans across New York City waited in live for special events marking the franchise's 30th anniversary.
Singer-songwriter Neil Sedaka, known for his hits like "Laughter in the Rain," "Breaking Up is Hard to Do" and "Calendar Girl," has died.
Streaming giant Netflix declined to match Paramount Skydance's $31 per share offer for Warner Bros. Discovery.
Harvey Weinstein has hired Luigi Mangione's and Sean "Diddy" Combs' lawyers to represent him at his third New York rape trial.
Harlem's Lafayette Theatre is believed to be the first major New York City theater to desegregate, just a year after its opening.
The New York Knicks routed the Milwaukee Bucks 127-98 on Friday night.
Jaylen Brown had 28 points, nine assists and seven rebounds and the Boston Celtics rolled past the Brooklyn Nets 148-111 on Friday night.
Connor Clifton and Egor Chinakhov scored 50 seconds apart in the third period and the Pittsburgh Penguins surged past Jack Hughes and the reeling New Jersey Devils 4-1.
The Philadelphia Flyers rallied to beat the New York Rangers 3-2 on Thursday night.
The New York Islanders rallied to beat the Montreal Canadiens 4-3 on Thursday night.
The National Dance Institute in Harlem hosts a special camp twice a year to bring together dancers with and without special needs for a dance camp, proving anyone can take center stage.
Could New York City's harsh winter weather end up curbing the number of rats? Here's why experts are saying don't count on it.
A Jewish congregation in Brooklyn is fighting to save their historic house of worship.
Harlem's Lafayette Theatre is believed to be the first major New York City theater to desegregate, just a year after its opening.
Multiple rezonings in Queens are paving the way for tens of thousands of new units, but some residents worry about how it could affect their communities.
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.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Dogs got decked out for the annual Tompkins Square Halloween Dog Parade in New York City's East Village on Saturday.
Cosplayers flooded New York City's Javits Center in October 2024 for the annual New York Comic Con convention.
The snow hasn't entirely disappeared, but Friday's shining sun certainly changed the mood. CBS News New York's Steve Overmyer found a city stepping out and soaking it in.
Paramount Skydance and Warner Bros. Discovery have reached an agreement in which Paramount will acquire Warner Bros. Discovery. Paramount Skydance is the parent company of CBS News New York.
CBS News New York's Scott Padgett has your First Alert Forecast for February 27 at 6 p.m.
Neighbors of a home displaying hateful symbols in Woodland Park, New Jersey, say they have complained to police, but authorities said while it's disgraceful, it's still protected speech. CBS News New York's Mahsa Saeidi spoke exclusively with the homeowner, who has now begun to take down some of the images.
It's a phrase we've all heard before we head out on a road trip, and one Long Island grandfather took the message to the next level and put it on his license plate. The DMV told him to ditch it until an unlikely call came from Albany. CBS News New York's John Dias reports.
