Judge orders 'pharma bro' Martin Shkreli to forfeit $7.4 million

Shkreli is scheduled to be sentenced March 9 for defrauding investors in two hedge funds he ran. The defense argued unsuccessfully Shkreli should forfeit nothing.

The judge said the defense argument “ignores the jury’s verdict in this case.”

Shkreli, who first became infamous for hiking the price of a life-saving HIV drug, was convicted of securities fraud.

According to court records, his assets include “Once Upon a Time in Shaolin,” a Wu-Tang Clan album for which Shkreli paid a reported $2 million at auction. Among other assets: a Picasso painting, shares in a pharmaceutical company and $5 million in an E-Trade account.