The Fate of Wu-Tang Clan’s ‘Once Upon a Time in Shaolin’ and Lil Wayne’s ‘Tha Carter V’ Lie in the Hands of Attorney General Jeff Sessions
Earlier this month, convicted pharmaceutical mogul Martin Shkreli was ordered to give up the rare Wu-Tang Clan album he owned, and Lil Wayne's Tha Carter V, which he infamously purchased, as part of his sentencing. People speculated on the albums' fate. Now it appears it is up to U.S. Attorney General Jeff Sessions as to what happens to the LPs.
According to a Department of Justice filing, which was released on Wednesday (March 22), the U.S. District Court of the Eastern District of New York has informed Shkreli he must come up off the Wu-Tang record One Upon a Time in Shaolin, $5 million from a brokerage account, his share in Vyera Pharmaceuticals, a Pablo Picasso painting and his copy of Lil Wayne’s upcoming LP that he somehow managed to get his hands on. It sounds like Sessions will have control over the possessions.
“The United States hereby gives notice of its intent to dispose of the forfeited property in such manner as the United States Attorney General may direct,” the filing read.
Shkreli is heading to prison after being convicted of securities fraud. He bought 1 of 1 Once Upon A Time In Shaolin in December 2015, paying around $2 million for the rare musical offering, and got his hands on what appears to be an official version of Weezy's C5 the following year.
RZA and Cilvaringz still partially own the masters to the Wu-Tang release and are apparently planning to petition for the project when it does change hands. “The contract the album was sold under requires Mr. Shkreli to bind any new taker of the album to all of the same terms it was sold under,” Cilvaringz's attorney, Peter Scoolidge said, referring to the clause in the contract that states the album can't be sold for 88 years. He added, “If and when that happens, my client could file papers in the forfeiture proceeding to enforce the restrictions on use of the album.”
There's also chance that Shkreli appeals the ruling.
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