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    Unique Wu-Tang Clan Album Sold in Unusual Circumstances

    Credit: Unsplash

    In 2017, Martin Shkreli, the former executive of Turing Pharmaceuticals, was convicted of securities fraud. Shkreli gained notoriety for drastically increasing the price of Daraprim, a drug used to combat parasitic infections, from $13.50 to $750 per tablet. His sentencing included a $7.4 million forfeiture, a $750,000 fine, and a seven-year federal prison term. However, the most intriguing part of this story lies elsewhere.

    The Department of Justice sought to recover Shkreli’s $7.4 million debt by confiscating valuable assets, one of which was the only existing copy of the Wu-Tang Clan’s album “Once Upon a Time in Shaolin.”

    This unique album was meticulously crafted and housed in a hand-carved nickel-silver box. It contained a leather-bound manuscript with lyrics and a certificate of authenticity. The Wu-Tang Clan’s intention was to create a piece that was both an artwork and an audio treasure, different from anything previously released in the music industry.

    Shkreli initially acquired this album for approximately $2 million in 2015. Subsequently, in 2018, the DOJ seized it. Recently, the album was sold to an undisclosed buyer, with the proceeds going towards Shkreli’s debt. The buyer’s identity and the sale price remain confidential, but it’s presumed that the purchase came at a hefty cost.

    “Shkreli has faced the consequences and paid the repercussions for deceiving and defrauding investors for personal gain,” stated Jacquelyn Kasulis, acting US attorney, in a press release on Tuesday.

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