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Why the Feds Could Seize Martin Shkreli's Wu-Tang Album

David Miller, partner at Morgan Lewis and former prosecutor, talks with Lee Pacchia about the indictment of Turing Pharmaceuticals CEO Martin Shkreli on securities fraud charges.

David Miller, partner at Morgan Lewis and former prosecutor in the Southern District of New York, talks with Lee Pacchia about the indictment of Turing Pharmaceuticals CEO Martin Shkreli on securities fraud charges. Shkreli, who had been under intense criticism for dramatically increasing drug prices, was arrested by FBI agents over accusations that he had lied to investors in his hedge funds and misused incoming funds to hide losses. Kaye Scholer partner Evan Greebel was also indicted for allegedly taking part in the scheme. Both Shkreli and Greebel have pleaded not guilty. Miller also explains how the federal government could end up in control of the only existing copy of Wu-Tang's latest album Once Upon a Time in Shaolin, which Shkreli purchased earlier in 2015 for $2 million.

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