Martin Shkreli must forfeit almost $7.4 million, a federal judge in Brooklyn ruled Monday, a move that could force the ex-pharmaceutical executive to give up a one-of-a-kind Wu-Tang Clan album.
However, the judge stayed the execution of her order, and the seizure of the substitute assets pending the resolution of Shkreli's planned appeal of his conviction.
Shkreli has been behind bars since September, when Matsumoto ordered him jailed for turned to social media and urged followers to get him a sample of former secretary of state Hillary Clinton's hair.
After months of back-and-forth, the fate of the one-of-a-kind Wu-Tang Clan album "Once Upon a Time in Shaolin" has been decided.
The assets include $5 million in cash in an E-Trade brokerage account used as security for Shkreli's bail and Shrkeli's shares and interest in Vyera Pharmaceuticals, formerly known as Turing Pharmaceuticals.More news: Cops charge eight after Lidl 'destroyed by digger' in snow blizzard
Martin Shkreli purchased the exclusive album for $2 million in 2015, but was convinced for multiple counts of fraud in 2017.
Shkreli is a known for a 2015 price-gouging scandal involving a decades-old drug his company acquired, but he is in jail because of securities fraud during his time running a hedge fund.
A painting by famed Spanish artist Pablo Picasso.
Shkreli is facing upwards of 10 years in federal prison.
Matsumoto has already ruled that when Shkreli is sentenced, he will be held responsible for $10.4 million in losses, including all of the money his investors entrusted to his hedge funds.