Martin Shkreli: Last News

Wu-Tang Clan‘s rare ‘Once Upon A Time In Shaolin’ album that could be in circulation.The former hedge fund manager and ‘pharma-bro’, who bought the sole copy of the record back in 2015 for $2million (£1.4m), was sued by PleasrDAO for illegally livestreaming the album last June. He bought the album under a legal agreement stipulating that the album could not be commercially exploited until 2103, though it could be played at listening parties.Shkreli played clips of the album during a livestream in 2017 despite the restrictions, then tried to sell the album on eBay – and received an offer for $1.2million (£940,000), but the sale was never completed.

Wu-Tang Clan album ‘Once Upon a Time in Shaolin’.It comes after a federal court order in August saw Judge Pamela K. Chen order Shkreli to surrender his copies of the rare Wu-Tang Clan album, which he bought at an auction for $2million (£1.56m).

Wu-Tang Clan album ‘Once Upon A Time In Shaolin’.According to ArtNet, a judge ordered Skhreli to overturn any copies he possesses within one week, passing the ruling on Friday morning (August 23). The judgement stems from digital art collective PleasrDAO’s suing of Shkreli for copying and playing the album without permission in June.Judge Pamela Chen has also demanded Shkreli to provide an affidavit confirming his relinquishment, along with an inventory of all copies he had made, who he distributed them to, and any profits made from the distribution.

Steven J. Horowitz Senior Music Writer Wu-Tang Clan’s much-storied album “Once Upon a Time in Shaolin” has been in the news cycle for years after changing ownership and spurring lawsuits, and the melee surrounding the one-of-a-kind project has left group member Method Man with a skewed opinion. In an interview with Vanity Fair, Meth refers to the album as a “circus spectacle” and that it’s an “uncomfortable subject” for the group to discuss.

‘Once Upon A Time In Shaolin’ has now been turned into an NFT.The world’s rarest and most expensive album was their seventh studio effort, for which they released only one physical copy in 2014.Recorded in secret between 2006 and 2013, the project became the most valuable album ever made, and reportedly features contributions from all surviving members of Wu-Tang Clan, as well as two guest appearances from Cher. The unique copy was housed in a silver, jewel-encrusted box, alongside leather-bound liner notes and a wax seal of the Wu-Tang Clan logo.No digital downloads or streams have ever been made available, and after pressing the CD, the Clan stored it in a high-security vault at the Royal Mansour Hotel in Marrakech, Morocco.

purchased the single existing copy of the album in an auction for $2million (£1.4m) in 2015. He bought the album under a legal agreement stipulating that the album could not be commercially exploited until 2103, though it could be played at listening parties.Shkreli played clips of the album during a livestream in 2017 despite the restrictions, then tried to sell the album on eBay – and received an offer for $1.2million (£940,000), but the sale was never completed.

$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.The plaintiff PleasrDAO said Shkreli has, since his May 2022 release from prison, told fans on live streams and social media platform X that he kept and had shared the album, once saying, “I was playing it on YouTube the other night even though somebody paid $4 million for it.”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.”Such activity violates the forfeiture order, amounts to misappropriation of trade secrets, and “greatly diminishes and/or destroys the album’s value,” according to the complaint filed Monday night in Brooklyn federal court.PleasrDAO wants Shkreli to destroy his copies, turn over profits from disseminating the music, and pay compensatory and punitive damages.Lawyers who have represented Shkreli in criminal and civil matters declined to comment or did not immediately respond to requests for comment.The plaintiff is displaying “Shaolin” this month at the Museum of Old and New Art in Hobart, Tasmania.Shkreli, 41, became notorious and gained the nickname “Pharma Bro” when, as chief executive of Turing Pharmaceuticals in 2015, he raised the price of the life-saving antiparasitic drug Daraprim overnight to $750 per tablet from $17.50.He was released early from his seven-year prison

Wu-Tang Clan, is set to be played to the public for the first time at an art gallery in Tasmania.The record in question is the New York group’s seventh studio effort ‘Once Upon A Time In Shaolin’, for which they released only one physical copy in 2014.The Museum of Old and New Art in Hobart has acquired the album on loan from the digital art collective Pleasr (via The Guardian). And it is due to feature in the ‘Namedropping’ exhibition, which will centre on status, celebrity and notoriety.Recorded in secret between 2006 and 2013, the project became the most valuable album ever made, and reportedly features contributions from all surviving members of Wu-Tang Clan, as well as two guest appearances from Cher.

What. The. Eff.

Fyre Festival founder Billy McFarland has been released early from prison.McFarland was serving a six-year sentence after pleading guilty to multiple counts of fraud, including for the disastrous festival in the Bahamas in 2017.He spent six months of his sentence alone in solitary confinement after taking part in the recording of a podcast.According to TMZ, McFarland has now been released from the Milan Federal Correctional Institution in Milan, Michigan, where he was being held.He is now under the management of Residential Reentry Management New York – the administrative office overseeing halfway houses located in southern New York, eastern New York and New Jersey, according to The Hollywood Reporter.McFarland’s release date from the halfway house is currently set for August 30.Back in 2020, he requested an early release from his six-year prison sentence due to concerns over the coronavirus pandemic, but his request was turned down.McFarland’s release comes after Martin Shkreli, the disgraced “pharma bro” who famously bought Wu-Tang Clan‘s ‘Once Upon A Time In Shaolin’ for $2million (£1.4m), was also released early from prison. Shkreli was serving a seven-year sentence after being found guilty of securities fraud following claims he defrauded investors in former hedge funds in 2017.

Wu-Tang Clan‘s ‘Once Upon A Time In Shaolin’ for $2million (£1.4m), has been released early from prison.Shkreli was serving a seven-year sentence after being found guilty of securities fraud following claims he defrauded investors in former hedge funds in 2017.Upon his incarceration, the US government seized ‘Once Upon A Time In Shaolin’ and sold it on to a new buyer last year.But today (May 18) his lawyer Ben Brafman confirmed that Shkreli has been released.“I am pleased to report that Martin Shkreli has been released from Allenwood prison and transferred to a BOP halfway house after completing all programs that allowed for his prison sentence to be shortened,” he said in a statement to The Washington Post. In 2020, Shkreli was denied an early release from prison after he petitioned to be let out so he could continue the “significant research” he’d be conducting into finding a vaccine for coronavirus.But the judge described his attempt at a shortened sentence to be another example of the “delusional self-aggrandising behaviour” that he often exhibits, while also citing the few number of COVID-19 cases at Shkreli’s prison, and his lack of a pre-existing condition that would make him more likely to catch the virus.Earlier this year, he was barred from the drug industry and ordered to return the $64.6million (£47.2million) in profits that he made by price-gouging the drug Daraprim in 2015.Meanwhile, shortly after Shkreli’s incarceration, RZA said he had attempted to reclaim the CD copy of ‘Once Upon A Time…’.Although the album was never released to the public, Shkreli did play clips of it during a live-stream in 2017.

true-crime anthology docuseries, turns its attention to the scandal surrounding Martin Shkreli, a former hedge fund manager convicted of securities fraud in 2017. In ET’s exclusive preview of, the doc breaks down how the iconic rap group got caught up in the attention surrounding the “most hated man in America.” “It got in the hands of Shkreli and that’s when everything just kicked off,” Ghostface Killah says in the clip, referring to the group’s secret seventh studio album,, which was auctioned off to the highest bidder in 2015. It was soon revealed that the winner was Shkreli, who was still CEO of Turing Pharmaceuticals.

Wu-Tang Clan are facing legal action from Icelene Jones, the widow of Ol' Dirty Bastard and sole executor of his estate, over her claims that she is owed royalties generated by the group. Variety reports that Jones is seeking at least $1 million in damages plus interest and attorneys’ fees.

Wu-Tang Clan’s RZA says that the group’s single-copy ‘Once Upon A Time In Shaolin’ album fell into “the wrong hands” when they sold it to Martin Shkreli in 2015. However, at the time he felt the CD was going to have a “life of its own” and – he reckons – it has done “exactly that”.“The idea was to make something that was unique, that had a value of its own”, he tells Hot 97 in a new interview.

Netflix have announced details of newmovie Once Upon a Time in Shaolin, which set to tell the true story behind Martin Shkreli‘s controversial purchase of the sole copy of Wu-Tang Clan’s album of the same name.The film is set to be directed by Paul Downs Colaizzo.Shkreli previously made headlines after paying $2 million (£1.5 million) for the sole copy of Wu-Tang Clan’s ‘Once Upon A Time In Shaolin’ album, which he was subsequently ordered to give up as part of his fraud conviction.Wu-Tang Clan’s RZA is expected to produce alongside Plan B, the production company owned by Brad Pitt, while Ian Edelman wrote the script.The announcement of the project was made in a press release about screenwriter Ian Edelman’s new movie, American Sole

The saga of Wu-Tang Clan’s ‘Once Upon A Time In Shaolin’ album is set to be told in a new Netflix movie. The project will be helmed by ‘Brittany Runs A Marathon’ director Paul Downs Colaizzo.‘Once Upon A Time In Shaolin’, of course, was the 2014 Wu-Tang album of which only a single copy was made, sold at auction for a reported $2 million.