Martin Shkreli's Wu-Tang Album Was Bought by NFT Sellers For $4M

Martin Shkreli's Wu-Tang Album Was Bought by NFT Sellers For $4M

2 years ago
Anonymous $BH0TGXkyPe

https://www.vice.com/en_us/article/epxgp7/martin-shkrelis-wu-tang-album-was-bought-by-nft-sellers-for-dollar4m

In 2015, the lone physical copy of Wu-Tang Clan’s Once Upon a Time in Shaolin was put up for auction by the group and purchased by the disgraced hedge-fund and pharmaceutical executive Martin Shrkreli for $2 million. Now, it’s been purchased by NFT sellers.

As chief executive of Turing Pharmaceuticals, Shkreli caught the public's attention after a heinous run of price-gouging that saw the price of an antiparasitic drug used to treat pneumonia in AIDS patients skyrocket from $13.50 to $750 per pill. In 2017, Shkreli was convicted of securities fraud and conspiracy—he had defrauded investors of at least $10 million from 2009 to 2014 while running another biotech company called Retrophin. The executive was sentenced to seven years in prison, but was apparently still running the company from jail using a smuggled cell phone as of 2019.