Martin Shkreli won’t have to hand over his Wu-Tang album — for now

A press conference announcing federal fraud charges against former hedge fund boss Martin Shkreli took an unusual turn Thursday with a question about a $2 million copy of a Wu-Tang Clan album he bought in May. The FBI’s New York office tweeted late Thursday that since there was no seizure warrant at Shkreli’s arrest, “We didn’t seize the Wu-Tang Clan album.” How the feds could reclaim the album through asset forfeiture was not detailed by the U.S. attorney, but the Wu-Tang Clan have already distanced themselves from Shkreli.

We’re not aware of where he got the funds that he raised for the Wu-Tang Clan album.

U.S. Attorney Robert Capers

The CEO previously bragged to Businessweek about buying the only copy of the rap collective’s “Once Upon a Time in Shaolin,” drawing ire from music fans around the world when he said he had no plans to listen to it. Shkreli, who caused public outrage after raising the price of a prescription drug by more than 5,000 percent, was arrested today for engaging in what prosecutors said was a Ponzi-like scheme at his former hedge fund and a pharmaceutical company he previously headed. Twitter lit up with reaction to his arrest, and Capers’ comments spurred hopeful posts from music lovers that Shkreli might have to forfeit the album.

Dear US attorney: all we want for Christmas is that Wu-Tang album – everyone.

Twitter user @cbk_chi

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