Tag Archives: Martin Shkreli

Today In Hip Hop History: Pharma King Martin Shkreli Threatens Ghostface Killah With Masked Goons 6 Years Ago

Screen Shot 2022 01 28 at 8.18.06 AM

On this date in hip Hop history in 2016, currently incarcerated pharma king Martin Shkreli must’ve been getting high on his own supply, as his possession of Wu-Tang Clan’s one-of-a-kind, $2 million Once Upon A Time In Shaolin album seemed to give him the idea he was more important that the Clan, specifically Ghostface Killah.

Shkreli teased and taunted Tony Starks with insults like, “Dennis, I’m going to call you by your government name. You’re not a Ghostface Killah.” Shkreli even threatened to erase Ghost from the entire project if the Wu member said Shkreli’s name in any response to his video.

These threats were never carried out or even attempted by Shkreli. In fact, Shkreli’s federal fraud case took up more than enough of the crooked pharma king’s attention and eventually landed him seven years in federal prison and was forced to give up the coveted Wu-Tang Clan LP.

See the video of Shkreli’s threats below.

The post Today In Hip Hop History: Pharma King Martin Shkreli Threatens Ghostface Killah With Masked Goons 6 Years Ago appeared first on The Source.

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Exclusive: Behind-The-Scenes of The Secret NFT Deal To Secure A Rare, Unreleased Wu-Tang Album.

Wu-Tang Clan Album

How did a rare, unreleased Wu-Tang album become the most expensive music album ever sold?   We explore the behind-the-scenes workings that made the deal possible and the key players in the headline-making $4 million acquisition of the only existing copy of Wu-Tang Clan’s “Once Upon a Time in Shaolin” album as an NFT. The […]

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Pharma Dweeb Martin Shkreli Loses Conviction Appeal

Jury Deliberations Continue In Martin Shkreli Securities Fraud Trial

Source: Drew Angerer / Getty

Martin Shkreli, also known as the “Pharma Bro,” lost his conviction appeal case to gain early release. The former pharmaceutical boss will have to serve out the rest of his seven-year prison sentence for securities fraud.

NPR reports:

The appeals court judges ruled against Shkreli by a 3-0 vote. In addition to ordering him to stay in prison, the judges affirmed that he must forfeit more than $7.3 million, pay restitution of $388,336 and pay a $75,000 fine.

Shkreli gained a high profile in 2015 when, as the CEO of Turing Pharmaceuticals, he hiked the price of the lifesaving HIV drug Daraprim by more than 5,000%. His prison term is unrelated to that infamous move; instead, Shkreli was found guilty of securities fraud after being accused of cheating investors in two failed hedge funds and another drug company Retrophin, which he formerly ran.

Shkreli was convicted in August 2017 on three out of eight fraud charges; he could have been sentenced to a prison term as long as 20 years.

The Pharma Dweeb made headlines for purchasing the Wu-Tang Clan’s Once Upon a Time in Shaolin album for $2 million, along with infamously jacking up the price of an HIV drug from $13.50 to $750 per pill.

Photo: Getty

Source: HipHopWired.com

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