Shkreli's attorney, Ben Brafman, tells TMZ, "Our position is clear". They say the items authorities are trying to seize are $5 million in cash that is held in an E-Trade brokerage account, shares in Turing Pharmaceuticals, an Enigma machine as well as a Picasso painting.
Shkreli is best known for raising the price of Daraprim, a then-62-year-old drug frequently used to treat HIV patients, from $13.50 to $750 a pill. And what about Once Upon a Time in Shaolin?
When the RZA and fellow Wu Tang member Tarik Azzougarh consigned the only copy of the album for auction, they made it a condition that whoever bought the album could not distribute it commercially for 88 years.
It had amassed bids of more than $1 million before Shkreli was remanded into custody in September for offering to pay his Facebook followers to grab Hillary Clinton's hair.
Prosecutors note that their diligent efforts to Shkreli's assets have not borne much fruit. Remember, the pharma bro purchased the Wu-Tang album for 2 million bucks, and apparently got his hands on 'Carter V.' He infamously leaked a few tracks. "Accordingly, forfeiture of any assets is not an appropriate remedy".More news: 9 killed after gunmen storm Pakistan student accommodation
Shkreli spent months past year, in the lead-up to his criminal trial, in a unusual game of cat-and-mouse with Lil Wayne to acquire the album.
Shkreli's counsel, private attorney Benjamin Brafman, could not be reached for comment.
Shkreli was convicted in August on two counts of securities fraud and one count of conspiracy to commit securities fraud, in connection with two hedge funds and a biotech company he ran.
Greebel's defense hinges on casting the lawyer as an unwitting pawn of Shkreli's machinations.
Shkreli's trial posed an unusual obstacle for prosecutors in that investors who were defrauded did not lose money.