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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far as I heard there was a clause that this would be the only copy
the way I see it, remix, remaster completely differently - fuck you, its not the album you bought
You can't buy class.
Breathtakingly stupid
This story is smelling fishy... Who would book $45mm on an E-Trade account? Apparently, I'm not the smartest caveman on the block?
haha right.45M can get you an institutional account with IB or one of the big banks..why the fuck would you use etrade?
Exactly. ;-)
Shkreli is poster boy for all that is wrong with corporate profiteering in pharma industry.
All the negative attention goes to him as shit attracts flies, while the real pharma players that play for hundreds of billions keep doing what they've always been doing.
Now the word Shkreli is more famous than Wu-Tang
(for wrong reasons )
This guy represents true state of capitalism of America (& west)
vampirism actually
all due to Adam Smith
(That reminds me of Agent Smith of Matrix)
---------------
Why the govt does not use its supercomputers for drug discovery or allow ppl to use its supercomputers free so that patent free cheap drugs could be discovered & developed ,
That makes me wonder
I ask all governments of the world to please please make available your big supercomputers free for use of drug discovery, becuz people are not able to pay for diseases such as cancer which is making ppl go broke become like beggars , all due to greed of few ppl like Shkreli
Martin Shkreli is a character right out of "Idiocracy".
there's a generic for Daraprim (a 62 year old drug) at $1 a pill from Imprimis Pharmaceuticals Inc., bypassed, Shkreli can just go f himself after Turing stock falls to 0
had to google "Wu-Tang Clan"
thought it was some kind of triad
turns out it's Chinese water torture (listened to some on YT, replace beat beat with drip drip), can't blame me, I listen to the person in my avatar
wu-tang got their name and a lot of their ideas for lyrics from old school kung fu
http://rudomania.com/wu-tang-clan-the-kung-fu-movies-that-inspired-their...
i like j.s. bach alot btw...
Guy should take his wootang album and shove it up his ass where it belongs.
These kind of people dont deserve money.
Or, maybe shove it back up the asshole from which it came.
Jailed aspiring oligarchs who got too big for their britches, and jungle music vomiteurs, each demanding from the other what neither deserves.
Gotta be an Onion article in parody of the Inquirer.
Time for a "Go Fuck Me Account" to raise some warm and fuzzy coin from the libs.
https://www.youtube.com/watch?v=z-b6DCHNb8A
Only one thing I don't understand from this article. Only one thing. Who the fuck are these people??
Doing God's work.
Is this a fucking joke? His E*Trade account? You've got to be kidding me! This fucking crooked scumbag probably is long a shitload of KBIO he bought at 50 cents - which is currently marked at $23.59 with an indefinite halt - but fundamentally WORTHLESS! Why the fuck would bail be accepted in this form without checking the actual holdings.
HOW FUCKING RETARDED IS EVERYONE?
Yo yo no mo bubbles, the little Shrek is in some troubles, so you better respect and show some humbles, before he pops your double bubbles.
Llittle man has a wu tang plan, he can do it he know he can, he got that etrade cash in hand, so don't you dis dat bat face man, someday you might be in that can.
Why would any self-respecting man want respect from a chimp?
Because he is a chimp after all. And not a self respecting man.
"What we've done is historical, and you can't remove that."
I'm only into my first cup of coffee, bit maybe I should have started my day with gin.
Having some corn flakes with your breakfast gin is always a wise policy.
If you have to demand respect, you ain't gonna get any!
Ya gotta diversify ya bonds.
Wu Tang what? This article is borderline Inquierer stuff... who cares about this Shrek guy or WTC?
A dispensable propaganda pawn to redirect opinion away from the TBTJ and TBTF.
In an environment where money itself is created, distributed, manipulated, and channeled through government force-based power rather than choice and productivity, money becomes the scorecard for and hallmark of successful gangsterism.
The richest people in the room are going to be the ones who are the most shrewd and ruthless at wielding force-based power. So no surprise some of them would start to demand "respect" just for having money.
They have indeed earned "respect" (acknowledgement of their dominance via force) the same way Al Capone earned "respect." Al Capone bashed the heads of any who disagreed with his moneymaking racket. They use the government to imprison any who disagree with their moneymaking racket. No difference.
That he thinks respect can be purchased, is probably the source of most of his problems.
The woo-faggot clan.
Wu Tang charges $2MM for a $20 CD...Shkreli charges $750 for a $13 pill. 'Art' apparently has many different forms.
Not even close to the same thing. The pill was made for mass production. The album was made for a single listener.
Lol ... Martin, you can't by friends or respect. Maybe they did not teach you that on the planet you grew up on.
All that money, and all the boy wanted was a little respect from one of the founders of hip-hop...
What does a skinny white boy gotta DO around here to get a little respect?
I am not familiar with the Wu-Tang Clan, but I did enjoy
Kung Fu Fighting Because,
Those kicks were fast as lightning
This is what I mean an anti-ni99a machine !
so this grubby little ftard pays millions for an album from a group who no one Ive asked has heard of?
and then slugs the ill n dying to drag funds in?
and has a tanty cos the sellers diss him?
pity no ones topped him before now
or it wasnt strangled at birth
Maybe you shouldn't have been asking octagenarians about the Wu. The group has been around for 20 years. Their debut was the first album marked with "Parental Advisory" I bought as a minor. Still have the CD to this day.
Marty's e-trade account is all American Funds.
This little a**hole is a product of your free trade deregulated society that is so beloved of liberals, libertarians and conservatives. He's merely representative of his class.
You are destroying the planet and birthing trash like Shkreli. Behind the veil, this is what billionaires and big biz types are like. They think they are entitled to your enslavement. They think a civil society is one in which one individual can control 10s of billions of dollars while 1/3 of American children are malnutrioned. The two are not unrelated.
We're supposed to think that they are malnutrioned because their parents are "irresponsible". In prior times it was because God was punishing them.
These big biz Shkrelis think they rule the world. Oh wait, they do. When will humanity ever learn?
Quest for JUST society equals COMMUNISM in most American heads.
My .02
Worshiping a musical genre whose central premise is killing cops and suburban white guys.
What could go wrong?
Martin Shkreli is clearly a douche extraordinaire and his downfall the delight of millions. However, blaming capitalism for the actions of this idiot is misguided. Those who wanted cheap AIDS drugs available to everyone could've pooled their money and bought it before he did, releasing it into the public domain to be manufactured by lowest cost producers around the world. When you're the one who owns it you can do whatever you want with it.
They did not. Instead they did what they always do, demanding the money of others be used to achieve their goals and demanding the arrest and imprisonment of those who do not comply. Instead of using freedom to accomplish the good they supposedly seek they use it to strip the freedom from others.