Martin Shkreli, the former pharmaceuticals entrepreneur awaiting a criminal sentence following a fraud conviction, has been forced to hand over the Wu-Tang Clan album he paid $2m for at auction in 2015.
Martin Shkreli responsible for $10.5m in securities scheme losses, judge rules
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The order comes after Shkreli was convicted for securities fraud in August 2017 – he was found to have lied to investors about how their money would be spent, though Shkreli defended himself by saying that none of the investors lost money, and some made substantial profits. He is facing a maximum of 20 years in jail, though his lawyers have recommended only 12 to 18 months, plus community service.
Source: Theguardian
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