The recording that Shkreli has boasted he bought for $2 million is on a list of assets that prosecutors argue the jailed former pharmaceutical CEO should forfeit after his conviction earlier this year in a securities fraud scheme involving two failed hedge funds.
In a letter filed this week in Brooklyn federal court, prosecutors told a judge that Shkreli is on the hook for $7.3 million.
The 34-year-old “should be held financially responsible and forfeit this amount as it was obtained by him as a result of the fraud,” the letter says.
Along with the Wu-Tang Clan “Once Upon a Time in Shaolin” album, prosecutors say Shkreli should give up $5 million in cash in a brokerage account, his interest in a pharmaceutical company and other valuables including a Picasso painting and another unreleased recording that he claims he owns, “Tha Carter V” by Lil Wayne.