1:20 PM PST -- The FBI just released a statement saying they didn't seize Shkreli's Wu-Tang Clan album. He's been released on a $5 million bond.
Hours before Martin Shkreli got busted by the feds ... he apparently got a phone call from them, and the whole thing played out during a live online chat.
Shkreli was live streaming on YouTube Wednesday night when his phone rang. You gotta see how it plays out when the caller ID's himself as a "special agent."
We'll say this ... Shkreli seemed about as chill as a you'd expect for a guy who blew $2 million on one album.
Even if the call was fake ... the timing is hysterical since FBI agents ended up arresting Shkreli at his Manhattan apartment for securities fraud.
He's still in custody, and probably wishing he'd taken the call.