Martin Shkreli Secures Bail With $45 Million E*Trade Account, Demands Respect From Wu-Tang Clan
“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. If I hand you $2 million, fucking show me some respect.”
That’s a quote from the incomparable Martin Shkreli who is upset with the Wu-Tang Clan from whom he purchased a one-of-a-kind double disc for $2 million last year.
RZA, the group’s frontman if not its most famous member, found himself in a bit of an awkward scenario when news of the sale hit the wires.
When the deal was done, Shkreli had not yet become a household name. In other words, it wasn’t apparent to RZA that the soon-to-be proud owner of the one and only copy of “Once Upon A Time In Shaolin” would soon become public enemy number one in America on the way to being arrested for fraud.
"I met him, we had a brief lunch, and he did mention his love of hip-hop,” RZA said in the interview with Bloomberg. “I didn’t get a chance to read him."
In the wake of the Daraprim fiasco which saw Shkreli raise the price of a drug he acquired from $13.50 to $750 a pill, Wu-Tang decided to donate "a significant portion" of the proceeds to charity.
Even as RZA isn't particularly enamored with Shkreli's drug pricing practices, the producer says he doesn't regret doing the deal. "He bought it, he can do what he wants," RZA told Bloomberg TV’s John Heilemann."The beautiful thing about art, from my standpoint, is that it has no discrimination. What we’ve done is historical, and you can’t remove that.”
No, you can't, and neither can you "remove" the bad taste Shkreli's Daraprim price hike left in America's mouth which is why when it came time to set bail, no one was in a forgiving mood. The price of (temporary) freedom for America's "most hated man": $5 million.
Unfortunately, the bail bondsman didn't accept Wu-Tang albums as collateral and so, Shkreli put up his E*Trade account instead. The account's value is said to be $45 million.
"Martin Shkreli put up his $45 million E*Trade account to secure $5 million bail after federal authorities arrested him on fraud charges last month," Bloomberg reports. "Shkreli was ordered to disclose how that bond is secured and prosecutors filed papers Thursday stating Shkreli has a brokerage account worth eight figures," NY Daily News adds. "E*Trade has been ordered to notify prosecutors if the balance of the brokerage account dips below $5 million — which would jeopardize the bail bond and Shkreli’s freedom."
We wonder if Martin, like the E*Trade-ing Joe Campbell whose short position in KBIO blew up when Shkreli acquired more than half of the float back in November, will start a GoFundMe page in the event his collapsing holdings leave him a few million short on the bail bond.
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RZA talks Shkreli and Trump with Bloomberg Business
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True dat, but sometimes what is sacrficied isn't money.
Maybe you have a price.
I do not.
Wu-Tang has a price.
Shkreli paid it and took their 'unreleased masterpiece' off thier hands.
WU Tang didn't vet him or give a fuck who he was or where he got the money..
Facts are.
Damn ZH sucks on a BlackBerry....double posted
ZH sucks on any mobile device. But BLACKBERRY? Are you mad, sir? Are you the last person on earth using one of them? NSA can drill right through their encryption now. No point trying to hide anything, just run "wide open" and let them read everything. They already can no matter the platform.
You mean there is a way to remain 'private' on the internet?
Yep. There are a myriad of ways to purchase a SIM card under an assumed name. You just then have to never use that card with anything associated with your real name. Including your usual locations if possible. A Wifi dongle which you only switch on now and then and use with a cheap throw away linux notebook, at a heavily populated park for example.
i wish i could get a hold of a blackberry phone
i miss that style...
LOL blackberries still exist?!
I'm just not interested enough I guess to give a shit whether this ass clown gets respect or not.
Total Asshole
Deserves no respect from anyone.
Ah the 289 Cobra Daytona. My Dad used to have a 1966 GT350.
Nice wheels.
Sadly, he sold it before the Bernake blew the classic car market bubble. He bought it new in 1966...had 10k miles on at and was blue with whtie stripes. Thing was mint. Sold it in 1997 to help me go to college.
Hunt it down and buy it back.
I can't afford 175k right now.
He clearly belongs in politics.
The more like that in office the more likly Trump will win. Face it...everything O-bomba has done is giving Trump the lead. The funny thing is , O-boy is to stupid to realize how much he is helping the Trump campain.
America will never be free until people wise up and stop counting on politicians (Trump included) to save them from tyranny, financial corruption, endless wars,etc etc etc
I'm still trying to figure out what Wu-Tang Clan is and I know in the time it takes me to type this I could google it but that tells you how much "fuck" I give
a washed up nobody band. There fixed it for you.
The RZA, the GZA, Ol' Dirty Bastard, Inspectah Deck, U-God, Ghostface Killah, Raekwon the Chef, and the Method Man. Amongst others.
Wu Tang ain't got no like for the arrogant crooked kike.
I dont mean to seem like an ass, but who gave them their recording contract? Who, ultimately, pays their salary?
Purchasers of their music?
43?
Other arrogant crooked kikes? Do you have any more silly questions?
"I know nothing"
I heard it was middle class suburban blacks making music for middle class suburban Jews to sell to middle class suburban whites.
I can't be the only one here who had to look up, "Wu Tang Clan".
He should be chairman of Nasdaq, the way most of America swoons over free market forces. This case is a window into how the flow of capital goes into the hands of the chosen few and the illusion of choice in the corporatist world where they monopolise key market sectors. Retail scum in a world of wholesale corruption.
im guessing the USA is the most corrupt nation on earth so this is like busting a drug dealers son for a small bag of pot .................
this is like busting a drug dealers son for a small bag of pot... http://www.thestonerscookbook.com/2015/12/05/dea-heads-daughter-busted-a...
Martin Shkreli embodies everything that is wrong with America today. I hope they throw the book at him.
well not really, for him to do that he would first have to have deep political ties that would have prevented him from ever seeing jail bars or for that matter be indicted and thus, you from even knowing who the fuck this twerp was in the first place and that son, would embody everything that is wrong with america.
They going to be throwing a lot more than the book in prison.
He will not go to a pound in the ass prison. He will go to 'write a book, make more money' prison.
The hard prison sentences are for the little people.
As Ammon Bundy will find out soon.
You know who I respect? People like the Serbian soldiers who died trying to save their country from Albanian Muslim scum like Martin Shkreli's sperm donor and Croatian scum like the slut who popped him out. People who care about something that isn't money and their own inflated egos.
Martin's not owed any respect. And he'll get none.
...serbian soldiers who went in a rampage raping innocent teenage albanian and kroatian girls in most savage and barabric ways not seen since Gengis Kahn hordes moved west....
There you go, I fixed it for you, serb rapist. And Shkreli is an albanian catholic not a muslim, idiot.
http://www.hrw.org/news/2000/03/20/serb-gang-rapes-kosovo-exposed
Not seen since Genghis Khan? Give me a break. Remember the picture of that little Vietnamese girl running out of a napalm storm with her back on fire, courtesy of heroic 'mercan flyboys? Or take a look at some of the descriptions of what happened in Germany at the end of WWII. Kurt Vonnegut spent his whole life trying to get over what he'd seen in Belsen.
This shit happens in 'most every war. No need to appeal to the Khan.
No one did it like Khan, that's for sure.
I can't believe this guy isn't running for President.
Maybe in 2020. The country isn't quite ready for him yet. Almost, but not yet.
Will be interesting to see if it's still 45M once KBIO starts trading again.
My understanding is that Wu-Tang Clan and Bill Murry (yes that Bill Murry) have the exlcusive right to "steal" the album back and all of its rights.
Not kidding.
I've been hoping for the heist to occur during his incarceration.
a fucking albanian thug wants respect ?? go figure... his next venture is to harvest organs from healthy serbians at gun point
Hmmmm... Fuck you pay me!
This guy will get his ass kicked daily in jail.
Replace 'kicked' with 'raped'.
...
dump the album and drive down the value