Martin Shkreli might have to forfeit his one-of-a-kind Wu-Tang album "Once Upon a Time in Shaolin." Prosecutors on Thursday asked Brooklyn Federal Court Judge Kiyo Matsumoto to seize $7.4 million in assets from Shkreli, the former pharmaceutical executive and hedge fund manager who was convicted in August of defrauding investors. Related: Martin Shkreli is now inmate #87850-053They also want to seize his holdings in Turing Pharmaceuticals, where as CEO he raised the price of a life saving Daraprim by 5,000%. "We will vigorously oppose the government motion," said Shkreli's lawyer Ben Brafman in an email to CNNMoney. Shkreli is currently in jail in Brooklyn and is scheduled to be sentenced on January 16, 2018.

Source: CNN December 01, 2017 15:41 UTC