UNITED NEWS INTERNATIONAL (UNI) — Convicted former Turing Pharmaceuticals CEO Martin Shkreli will be required to give up millions of dollars worth of assets in anticipation for his criminal sentencing.
A judge decided on March 5 Shkreli has to forfeit $7.36 million.
Shkreli founded Turing Pharmaceuticals in 2015 and was convicted of securities fraud two years later for misleading investors at hedge funds he ran.
Also known as “pharma bro,” Shkreli gained notoriety after his company bought a drug named Daraprim.
It’s taken to help mothers and children with a rare disease, but Turing increased the price overnight by 5,000 percent.
The New York Times reported assets could be taken from him if he cannot produce the millions of dollars he owes.
That includes his Wu-Tang Clan album “Once Upon a Time in Shaolin,” worth $2 million.
There is only one copy of the album in existence and includes a 174-page liner notes bounded by hand in leather.