State Attorney General Eric Schneiderman wants convicted “Pharma Bro” Martin Shkreli to pay his state tax bill before he starts paying back his $7.3 million federal tab, according to new Brooklyn federal court documents.
A filing on behalf of Schneiderman says Shkreli still owes the state Commissioner of Taxation and Finance $480,000 from a $1.2 million 2016 tax bill and that it should be paid before Shkreli pays the feds since the bill came prior to his March sentencing and federal forfeitures.
Among Shkreli’s assets that the state and feds seek to use to pay off his debts include his one-of-a-kind Wu-Tang Clan album “Once Upon A Time in Shaolin,” a Lil’ Wayne album and a Picasso painting, according to the court papers.
Shkreli purchased the sole copy of the Wu-Tang album for $2 million in 2015.
The AG’s press secretary Amy Spitalnick in a twitter post on Monday said, “Today @AGSchneiderman filed papers on behalf of the State, urging that proceeds from Shkreli’s assets – including the Wu Tang album – first go toward the over $480k in unpaid taxes he owes NYers (including NY’s children of course).”
Shkreli — who gained notoriety after drastically jacking up the price of a life-saving drug overnight — was convicted of fraud last August and has started serving his seven-year sentence at a federal lockup in Fort Dix, New Jersey.
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