Controversial CEO owns world's only copy of 'Once Upon A Time In Shaolin'
The FBI have announced that they did not seize Wu-Tang Clan’s ‘Once Upon A Time In Shaolin’ when they arrested Martin Shkreli yesterday (December 17).
As reported, music loving trust fund manager Shkreli was arrested on suspicion of stock fraud. He has been charged with illegally taking stock from his biotechnology firm Retrophin Inc and using it to pay debts from another company he owns, MSMB Capital Management. If found guilty he faces up to 20 years in prison.
Shkreli first came to the public conscious after buying the rights to life-saving drug Daraprim and increasing the cost from $13.50 a pill to $750. He then went on to purchase Wu-Tang Clan’s ‘Once Upon A Time In Shaolin’ double album, of which just one copy exists, for $2 million (£1.3 million).
Following Shkreli’s arrest, The FBI subsequently confirmed via Twitter that they did not obtain a seizure warrant for the arrest and so the album remains in his posession for the time being. Many Twitter users has been asking the bureau about the album online in the hope that they may get to hear the record.
The album could be seized, however, if it is established that the $2m Shkreli paid for it was stolen money. Shkreli is currently out on bail on a $5 million bond.
Meanwhile Shkreli, whose arrest was greeted happily by a public who widely oppose his recent business transactions, thanked fans for their support after arriving home yesterday.
In an interview published before his arrest, Shkreli described himself as being “pissed off” by Wu-Tang Clan for “talking shit behind my back”.
The group’s de-facto leader RZA recently hinted that he wouldn’t have sold the album to Shkreli had he known of the Daraprim at the time. “The sale of ‘Once Upon a Time in Shaolin’ was agreed upon in May, well before Martin Skhreli’s [sic] business practices came to light. We decided to give a significant portion of the proceeds to charity,” he said in a statement.
RZA’s comments seem to have offended Skhreli, who has told HipHopDX that Wu-Tang are “starting to turn on me”.
“I’m the most successful Albanian to ever walk the face of this Earth,” he claimed. “I bought the album. [There’s a] big fucking check in RZA and Cilvaringz’ pocket now, but [now] they’re starting to turn up on me.”
Skhreli added: “This [Wu-Tang] thing is starting to get pretty tense. You probably see that increasingly. I’m getting pretty frustrated by it. I bought the most expensive album in the history of mankind and fucking RZA is talking shit behind my back and online in plain sight.”
“I’m just getting pissed off. That’s not the way I do business. If I hand you $2 million, fucking show me some respect. At least have the decency to say nothing or ‘no comment.’ The guy says ‘before his business practices came to light.’ What the fuck does that mean? I fucking make money. That’s what I do. That’s why I can fucking afford a fucking $2 million album. What do you think I do, make cookies? No, motherfucker. I sell drugs… I felt insulted.”
SEE MORE: The Lowdown On Music’s New King Of Controversy Martin Shkreli, The Man Who Bought The $2m Wu Tang Album