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‘Pharma Bro’ Ordered To Hand Over $2 Million One-Of-a-Kind Wu-Tang Clan Album

‘Pharma Bro’ Ordered To Hand Over $2 Million One-Of-a-Kind Wu-Tang Clan Album


This article was originally published on NY Sun - National. You can read the original article HERE

A federal judge has ordered “Pharma Bro” Martin Shkreli to hand over all copies of Wu-Tang Clan’s unreleased album “Once Upon a Time in Shaolin” by Friday.

Shkreli purchased the album for $2 million in 2015. However, it was seized by the Department of Justice during his seven-year sentence after he was convicted in 2017 on charges of securities fraud. He was released from prison in 2022.

In 2021, a cryptocurrency collective named PleasrDAO bought the album for $4 million from the government. This year, PleasrDAO sued Shkreli, alleging he retained digital copies of the album and shared them on social media.

“Of course I made MP3 copies, they’re like hidden in safes all around the world . . . I’m not stupid,” Shkreli said during a livestream, as cited in court documents. “I don’t buy something for two million dollars just so I can keep one copy.”

Wu-Tang Clan, an iconic hip-hop group formed in Staten Island in the early 1990s, spent six years creating the 31-track double album.

They sold it with the stipulation that it could not be reproduced commercially for 88 years and only played for small gatherings. The album is encased in a Baroque-style bejeweled box, adding to its rarity.

Shkreli’s purchase solidified his reputation as a notorious figure, already infamous for increasing the price of a lifesaving antiparasitic drug by 5,500 percent.

The lawsuit by PleasrDAO also highlights various controversies surrounding Shkreli, including an offer of $5,000 for a strand of Hillary Clinton’s hair.

This article was originally published by NY Sun - National. We only curate news from sources that align with the core values of our intended conservative audience. If you like the news you read here we encourage you to utilize the original sources for even more great news and opinions you can trust!

Read Original Article HERE



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