FBI officials arrested the notorious pharma executive Martin Shkreli Thursday on allegations of securities fraud, but they didn't have the authority to seize the $2 million Wu-Tang Clan album purchased by the 32-year-old pharmaceutical entrepreneur.
Shkreli, who first captured the public's attention for hiking the price of a life-saving drug to $750 from its original cost of $13.50, had bragged about purchasing the album.
Officials didn't directly address the fate of the album, titled Once Upon a Time in Shaolin, when asked at a news conference following the arrest, according to a New York Times report, but were unsurprised by the interest in the hip-hop artifact. “I wondered how long it was going to take to get to that,” said United States Attorney Robert L. Capers . “We’re not aware of where he got the funds that he raised to buy the Wu-Tang Clan album.
But the agency later clarified on Twitter that they did not have custody of the album.