Wall Street wiz kid Martin Shkreli was busted by the feds on Thursday and charged with running a Ponzi scheme and other fraud charges.
Shkreli, 32, is best known (and hated) for boosting the price of an AIDS drug 5000% to $750 per pill after acquiring a small pharmaceutical company and its patents.
Shkreli also made the news recently for his winning bid of $2 million for hip hop group Wu Tang Clan’s album Once Upon a Time in Shaolin. Only one copy of the album was ever made.
After news of Shkreli’s arrest swept the Internet many questioned what would become of his rare collector’s item.
According to Yahoo News, the album will be seized by the Marshals Service Asset Forfeiture Unit — if they can find it.
If Shkreli is convicted, the feds can seize all property and assets that were purchased using ill-gotten proceeds from criminal activity.
The assets will then be auctioned off by the Marshals Service which manages over $2 billion in assets at any given time.
Earlier this year, the legendary hip hop group announced they were recording an album and only one copy of it would be made and auctioned off to the highest bidder.
The winner could do whatever they pleased with the album, including giving away copies of it for free but they couldn’t sell copies of the album.
Shkreli placed the winning bid of $2 million but no one knows what he did with it.
