The FBI didn't have a seize warrant, sad to say.
"Pharma bro" Martin Shkreli was arrested December 17 after he was charged with securities fraud. Unfortunately, the FBI was unable to seize the one asset of his that the public wants."[N]o seizure warrant at the arrest of Martin Shkreli today, which means we didn't seize the Wu-Tang Clan album," the FBI said on Twitter.
#Breaking no seizure warrant at the arrest of Martin Shkreli today, which means we didn't seize the Wu-Tang Clan album.
— FBI New York (@NewYorkFBI) December 17, 2015
Martin reportedly paid $2 million for the only existing copy of Wu-Tang Clan's Once Upon a Time in Shaolin. He was already a cartoon villain of sorts, as the pharmaceutical CEO who raised the price of an antimalarial pill from $13.50 to $750 each. But then Martin said he was saving the first listen for "a rainy day," unless Taylor Swift would join him.
One expert on forfeiture told The Atlantic that, in order to seize Once Upon a Time in Shaolin , the US government would most likely have to prove that Martin paid for the album with money he made through securities fraud.
The New Yorker reports that, as soon as Martin was arrested, his attorney told him that he was hiking up his hourly fee by 5000 percent, from $12,000 to $60,000 an hour. Martin called him "a sociopath," though the lawer had his reasons. "Compared to what he pays for an hour of Wu-Tang Clan, sixty thou is a bargain," he said.