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A Complete Timeline Of Martin Shkreli's Feud With The Wu Tang Clan
A Brooklyn federal judge ordered pharmaceutical executive Martin Shkreli on Monday (Mar. 5) to give up $7.36 million worth of assets after getting convicted of securities fraud. The sentence comes just a few months after his arrest.
The “Pharma-bro” became famous—or infamous for that matter—when his firm Turing Pharmaceuticals of New York skyrocketed the price of AIDs-fighting Daraprim from $13.50 per pill to $750.
Potentially the most devastating of these assets Shkreli will forfeit is the sole copy of Wu Tang Clan’s Once Upon a Time in Shaolin album he bought for $2 million in 2015. After the purchase, he became hated among Wu Tang fans, teasing the release of the album. Plenty of drama occurred from the purchase to the forfeiture, and reading about it would take ages. Billboard has you covered. Here’s a timeline of Shkreli’s ownership of Once Upon a Time in Shaolin.
<snip>
November 2016 – Shkreli promises to release the album if Donald Trump becomes President
The day after Trump was elected, the executive released a series of videos, featuring him with parts of Once Upon a Time in Shaolin playing in the background. According to Pitchfork, Shkreli decided to negotiate with Wu Tang Clan on releasing the rest of the album, since he didn’t expect the Republican candidate to actually win.
<snip>
September 1, 2017 – The pharmaceutical wanted to sell the album
After taunting fans for nearly two years with teases and snippets of the unreleased record, Shkreli listed the project on eBay. In the description for the listing, he mentions Wu Tang member Ghostface Killah, who was seen on TMZ calling Shkreli a “s—thead” for raising the price of Daraprim. "I decided to purchase this album as a gift to the Wu-Tang Clan for their tremendous musical output. Instead I received scorn from at least one of their (least-intelligent) members, and the world at large failed to see my purpose of putting a serious value behind music,” he wrote. He also noted that half the proceeds would go to medical research.
<snip>
September 15, 2017 – Wu Tang Clan associates reveal Once Upon a Time in Shaolin might not be an actual Clan album
Business publication Bloomberg spoke to several of the group’s affiliates, particularly Killa Sin. According to Sin, the record was originally meant for Moroccan producer Cilvaringz. “The way he presented it was it was going to be basically his album, and he wanted me to do some work for him.” Member U-God’s manager Domingo Neris agreed, saying, “It’s not an authorized Wu-Tang Clan album.
<snip>
March 5, 2018 – It’s official, Shkreli must forfeit the record
The order by U.S. District Judge Kiyo Matsumoto comes just four days before the pharmaceutical will receive his sentence. In a letter he wrote to the judge, Shkreli showed a different, softer side of himself after having an attitude during the trial. “I was wrong. I was a fool. I should have known better.”
https://www.billboard.com/articles/news/8232213/timeline-martin-shkreli-wu-tang-clan-album
The “Pharma-bro” became famous—or infamous for that matter—when his firm Turing Pharmaceuticals of New York skyrocketed the price of AIDs-fighting Daraprim from $13.50 per pill to $750.
Potentially the most devastating of these assets Shkreli will forfeit is the sole copy of Wu Tang Clan’s Once Upon a Time in Shaolin album he bought for $2 million in 2015. After the purchase, he became hated among Wu Tang fans, teasing the release of the album. Plenty of drama occurred from the purchase to the forfeiture, and reading about it would take ages. Billboard has you covered. Here’s a timeline of Shkreli’s ownership of Once Upon a Time in Shaolin.
<snip>
November 2016 – Shkreli promises to release the album if Donald Trump becomes President
The day after Trump was elected, the executive released a series of videos, featuring him with parts of Once Upon a Time in Shaolin playing in the background. According to Pitchfork, Shkreli decided to negotiate with Wu Tang Clan on releasing the rest of the album, since he didn’t expect the Republican candidate to actually win.
<snip>
September 1, 2017 – The pharmaceutical wanted to sell the album
After taunting fans for nearly two years with teases and snippets of the unreleased record, Shkreli listed the project on eBay. In the description for the listing, he mentions Wu Tang member Ghostface Killah, who was seen on TMZ calling Shkreli a “s—thead” for raising the price of Daraprim. "I decided to purchase this album as a gift to the Wu-Tang Clan for their tremendous musical output. Instead I received scorn from at least one of their (least-intelligent) members, and the world at large failed to see my purpose of putting a serious value behind music,” he wrote. He also noted that half the proceeds would go to medical research.
<snip>
September 15, 2017 – Wu Tang Clan associates reveal Once Upon a Time in Shaolin might not be an actual Clan album
Business publication Bloomberg spoke to several of the group’s affiliates, particularly Killa Sin. According to Sin, the record was originally meant for Moroccan producer Cilvaringz. “The way he presented it was it was going to be basically his album, and he wanted me to do some work for him.” Member U-God’s manager Domingo Neris agreed, saying, “It’s not an authorized Wu-Tang Clan album.
<snip>
March 5, 2018 – It’s official, Shkreli must forfeit the record
The order by U.S. District Judge Kiyo Matsumoto comes just four days before the pharmaceutical will receive his sentence. In a letter he wrote to the judge, Shkreli showed a different, softer side of himself after having an attitude during the trial. “I was wrong. I was a fool. I should have known better.”
https://www.billboard.com/articles/news/8232213/timeline-martin-shkreli-wu-tang-clan-album
What a douche. Wu Tang Clan ain't nothing to fuck with!
