Along with the disk set, which he bought two years ago for $2 million from the celebrated NY hip-hop group, the government said it may also seek a Picasso painting he owns, his Enigma machine from World War II, and his interest in Turing Pharmaceuticals AG.
The forfeiture of $US7,360,450 "represents a conservative computation of the proceeds Shkreli personally obtained as a result of his three different securities fraud crimes of conviction", Bridget M. Rohde, the acting United States attorney for the Eastern District of NY, said in a court filing on Friday.
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Last August, Shkreli was convicted of securities fraud, and he's now in jail awaiting sentencing.
Shkreli's attorney told the Washington Post in a statement that he would oppose the forfeiture claim: "Our position is clear".
Shkreli's lawyer is arguing since of his investors lost any money, he shouldn't have to give anything up.
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Martin Shkreli, CEO of Turing Pharmaceutical, being arrested on securities fraud allegations. Shkreli disputed the charges and attempted to sway the jury with a simple rebuttal: His investors were wealthy and sophisticated and he ultimately made them richer.
Among the assets the Federal Bureau of Investigation proposed seizing are "the album "Once Upon A Time in Shaolin" by the Wu Tang Clan, as well as any proceeds derived from the sale of such album; the album "Tha Carter V" by Lil Wayne, as well as any proceeds derived from the sale of such album".
It had amassed bids of more than $1 million before Shkreli was remanded into custody in September for offering to pay his Facebook followers to grab Hillary Clinton's hair.
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"He is representative of something far more than his stardom - he's a symbol of the abuse of this system". Mill's sentencing sparked outrage on social media, which spawned hashtag #FreeMeekMill and #Justice4Meek.
He's scheduled to be sentenced January 16.