Martin Shkreli is an American former hedge fund manager and convicted felon.

Shkreli is the co-founder of the hedge funds;

In 2017, Shkreli was charged and convicted in federal court on two counts of securities fraud and one count of conspiring to commit securities fraud, unrelated to the Daraprim controversy.

Shkreli was sentenced to seven years in federal prison and up to $7.4 million in fines and in the civil case, he was fined a further $64.6 million to be given to victims nationwide.

Prior to May 2022, Shkreli was held at the low-security federal prison in Allenwood, Pennsylvania, with an expected release date in September 2022.

On May 18, 2022, it was announced that Shkreli had been released early.

According to Shkreli’s lawyer Benjamin Brafman, the decision was made after Shkreli completed “all programmes that allowed for his prison sentence to be shortened”.

Shkreli was moved to a halfway house and will be fully released in September 2022.

What did Martin shkreli do to Wu Tang?

On March 5, 2018, Shkreli was ordered to forfeit nearly $7.4 million in assets and the court ordered that if Shkreli had insufficient cash to fulfill the forfeiture order, his assets including the Wu-Tang Clan album should be sold to raise the amount.

Shkreli purchased the 31-track Wu-Tang Clan album Once Upon a Time in Shaolin at an auction in 2015 for around $2 million.

In July 2021, the United States government auctioned off the Wu-Tang Clan album bought by Shkreli for an undisclosed amount to an undisclosed buyer.

The acting United States Attorney for the Eastern District of New York Jacquelyn M. Kasulis, said;

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