HIV-Meds Gouger and Buyer of Wu-Tang Clan Album for $2,000,000 Is in Jail on Securities Fraud

Martin Shkreli

Drug-company entrepreneur Martin Shkreli, 32, made a lot of enemies after he purchased Daraprim, an important HIV med, and jacked the price of the pill from $13.50 to $750. Why? Because he could.

Then Shkreli made even more enemies after he purchased Wu-Tang Clan’s top-secret Once Upon a Time in Shaolin album for $2 million. Why? Because he could. He even admitted to not listening to the album.


Well, a lot of good that’ll do him in jail.

On Thursday, according to Bloomberg, Shkreli was arrested on securities fraud, charged with taking stock from his own biotech company to pay off debts from other businesses. 

It's also worth noting that earlier this month, Shkreli spoke at a conference, and when asked about raising the price of the HIV med, he offered a snide remark.

“I probably would have raised the price higher,” he said, adding, “My investors expect me to maximize profits.”


This is what happens when you’re greedy, Shkreli. Maybe he can use the album to post bail.

Share This Story

Get our newsletter