Lawsuit Alleges Pharma Douche Copied Rare Album

June 12, 2024 Business, Pop Music

Reuters reports:

Martin Shkreli has been sued in New York by a digital art collective that said it paid $4.75 million for a one-of-a-kind album by the hip-hop group Wu-Tang Clan, only to learn that the convicted pharmaceutical executive made copies and is releasing the music to the public.

Shkreli paid $2 million in 2015 for “Once Upon a Time in Shaolin,” and gave it up to partially satisfy a $7.4 million forfeiture order after his 2017 conviction for defrauding hedge fund investors and scheming to defraud investors in a drugmaker.

PleasrDAO also said thousands of people tuned in on Sunday to hear the album on a live stream that Shkreli called a “Wu tang official listening party.”

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Shkreli last appeared here in January 2024 when a federal appeals court upheld his lifetime ban from the pharma industry. In 2017, while awaiting sentencing, his bail was revoked after he tweeted an offer of a $5000 bounty for a strand of Hillary Clinton’s hair. He ultimately served four years in prison.



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