federal judge on Monday ordered Martin Shkreli, the former drug company executive convicted of defrauding investors, to forfeit $7.36 million US in assets, which could include a Picasso painting and a one-of-a-kind album by the Wu-Tang Clan.
District Judge Kiyo Matsumoto in Brooklyn said the assets Shkreli could forfeit to satisfy the judgment also include $5 million US in a brokerage account and his stake in Vyera Pharmaceuticals, one of the drug companies he founded.
They determined that he lied to investors about the performance of his hedge funds, MSMB Capital and MSMB Healthcare.
Shkreli's lawyers have asked that he be sentenced to 12 to 18 months in prison.
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