A federal judge ordered former Turing Pharmaceuticals CEO Martin Shkreli to forfeit $7.36 million in financial assets Monday as part of his upcoming criminal sentence.
Judge Kiyo Matsumoto said that in order to satisfy that award amount Shkreli - who was said to be completely cash-broke past year by his lawyer - must forfeit his interest in a set of "substitute" assets.
Benjamin Brafman, Shkreli's lead defense attorney, did not immediately respond to a message seeking comment on the decision.
Shkreli is now in jail awaiting sentencing on March 9.
In December 2015, Shkreli told Bloomberg Businessweek that he had bought the Wu-Tang Clan's "Once Upon a Time in Shaolin" when the hip-hop group auctioned the sole copy of the album to the highest bidder. The judge revoked the bail and jailed him in September when he posted he would pay a $5,000 bounty to anyone who could get a lock of Hillary Clinton's hair while the prominent Democrat was on a book tour.
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Shkreli was convicted last summer of misleading investors in two hedge funds he ran about the financial performance of their money in those funds. 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.
The $7.36 million forfeiture doesn't include fines, penalty or restitution Matsumoto might impose during his sentencing.
"I should have known better", Shkreli wrote in a letter to the judge requesting a sentence between 12 to 18 months.