Martin Shkreli ordered to forfeit $7.4 million in assets

Martin Shkreli leaves Brooklyn Federal Court

A federal judge in Brooklyn has ordered former pharmaceutical executive Martin Shkreli to forfeit $7.36 million in assets that include the infamous Wu-Tang Clan album he paid $2 million for.

It says the assets won't be seized until Shkreli has a chance to appeal.

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Shkreli has been behind bars since September when a judge found he broke the terms of his bail by offering social media followers money for a hair sample from then-presidential candidate Hillary Clinton. Turing is now Vyera. He also would be forced to forfeit other valuables including a Picasso painting and another unreleased recording that he claims he owns, "Tha Carter V" by Lil Wayne.

Former drug company executive Martin Shkreli arrives at U.S. District Court for the third day of jury deliberations in his securities fraud trial in the Brooklyn borough of NY, U.S., August 2, 2017. His conviction stems from charges that he defrauded investors in Retrophin, the pharmaceutical company he co-founded. They determined that he lied to investors about the performance of his hedge funds, MSMB Capital and MSMB Healthcare.

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The 34-year-old Shkreli is perhaps best known for jacking up the price of a life-saving drug and for his snarky online antics using the "Pharma Bro" moniker. She said that regardless of the investors' ultimate gains, Shkreli got their money in the first place through fraud.

The forfeiture order does not include any fines or restitution Matsumoto might impose at sentencing.

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