Martin Shkreli of the Wu-Tang Clan Album Could be Seized By Federal authorities

HipHop News Posted on December 1, 2017 at 3:03am

Martin Shkreli of the Wu-Tang Clan Album Could be Seized By Federal authorities

#DXCLUSIVE: Old Wu-Tang affiliate Matt "M80" Markoff, who was close to secure the purchase, reacts to the recent development.

Brooklyn, NY – As Martin Shkreli is behind bars at the Metropolitan Detention Center, the prosecutors in their securities fraud case asked the Federal Court Judge Kiyo Matsumoto on Thursday (30 November) to take advantage of $ 7.4 million in assets of the infamous "Pharma " Bro", according to CNN Money. That includes his $2 million Wu-Tang rarity, once Upon a Time In Shaolin.

#BREAKING the government wants Martin Shkreli to hand over the Wu Tang album the loss (!!!) pic.twitter.com/bOzWjlLeOx

— David Mack (@davidmackau) December 1, 2017

In September, Shkreli put the one-of-a-kind album on eBay. Initially, it seemed that there was a winner, the offer of more than $1 million, but as the plot thickened, it turned out Matt "M-Eighty" Markoff — a longtime Wu-Tang affiliate — was in the negotiation stage to make the final purchase.

But a wrench was thrown into the plan when Shkreli of $5 million bail was revoked after a Facebook post that offered $ 5,000 to anyone who could get a glimpse of Hillary Clinton's hair. In consequence, he was arrested again.

That didn't stop Markoff. Even with Shkreli behind the bars, that were able to communicate and were apparently days away from finalizing the deal. With this latest development, it is very unlikely that someone is going to get their hands on the album.

"I'd rather see the Feds take the album to let it sit to Martin apartment next to your stash of Playgirl magazines, or in your safe next to your collection of rare Magic The Gathering cards, and Pogs," Markoff says HipHopDX. "It is more likely that I could get the album of the Feds at this point that Martin that I was promised in writing on more than one occasion that the album and its contents would be transferred to me before now.

"But, of course, none of these writings be maintained in the court for me to receive the transfer of the album because all of your most recent correspondence I was going to have any legal weight

[via]


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