Wall Street wiz kid Martin Shkreli was busted by the feds on Thursday and charged with running a Ponzi scheme and other fraud charges.
Shkreli, 32, is best known (and hated) for boosting the price of an AIDS drug 5000% to $750 per pill after acquiring a small pharmaceutical company and its patents.
Shkreli also made the news recently for his winning bid of $2 million for hip hop group Wu Tang Clan’s album Once Upon a Time in Shaolin. Only one copy of the album was ever made.
After news of Shkreli’s arrest swept the Internet many questioned what would become of his rare collector’s item.
According to Yahoo News, the album will be seized by the Marshals Service Asset Forfeiture Unit — if they can find it.
If Shkreli is convicted, the feds can seize all property and assets that were purchased using ill-gotten proceeds from criminal activity.
The assets will then be auctioned off by the Marshals Service which manages over $2 billion in assets at any given time.
Earlier this year, the legendary hip hop group announced they were recording an album and only one copy of it would be made and auctioned off to the highest bidder.
The winner could do whatever they pleased with the album, including giving away copies of it for free but they couldn’t sell copies of the album.
Shkreli placed the winning bid of $2 million but no one knows what he did with it.
he shoulda kpt his mouth closed abt his plans 2 bail out Shmurda!! for some reason they dont want that young man out!!! #FREESHMURDA ?
I never understand why when people do crimes they don’t remain low key. … oh well Morning Roses
KARMA!!!!
should kept his A$$ out of the spotlight…. he’s just going to Country Club Prison..where he will learn to become a better criminal
You ain’t lyin. Lol the Feds were probably on to him after he tried to boost the price of the HIV pill.
I was just thinking the same thing.
THIS^^^^^^^^^ —- TRUTH!
What did smurda do?
Man eff this guy. He was doing too much. He wanted attention and he got it. The feds watching now.
real talk! you think that reglah prison teach shyt.. In feds they teach you how to do better get rich white collar crimes and NOT get caught a second time. LOL
Those white collar crimes get ‘ma knee’ (as someone said yestiday).
Wut, can you come to NC so we can go out and I can use your pheromones to pull somebody?
‘Alledgedly’ murder but they can’t find proof …
*thinking* You may be on to something
Am I the only one focused on his attorney………..Hey white bread!!
Is he fresh as hell?
New post
Not at all.
his group GS9 boys is allegedly a real gang n BK. his song Hot Nxgga allegedly told most of their activity. then they got caught up on wire taps etc.
Free Bobby Shmurda! Why won’t Diddy bail him out?
He was locked up only because he planned on bailing out Bobby Shmurda. Had he kept the information to him self he’d be free now.
This is exactly why they targeted him!
Wake up people. Like the Feds didn’t know Skrelki was a crook. It was all good until he started putting millions behind black Hip Hop. Then all of a sudden they arrest him?
Society really doesn’t like to see young black people have influence or succeed. One doesn’t have to like or agree with the content of “Hot N!gga” but the song was brilliant. Shmurda, a dark skinned young black male, has talent, presence and star quality. Go on YouTube and watch Ivy Leaguer white college students shmoney dancing. I was hoping that this Skrelli guy was serious about bailing him out.
The Feds don’t want Shmurda released. He’s no activist, but because there is a blatant conspiracy to keep him locked up and to prohibit anyone from helping him, I would call him a political prisoner at this point. They don’t want him to survive his time.
How did this come about that he was going to ball him out? I thought Bobby family came up with the money and the judge still denied the bond….
LOL
He might need to convert to the nation to get free..ijs..they got power..
Thank you. This fool was ? his pie hole like ? Refused to keep it shut. I just want to know what’s going to happen to the Wu album like most people.
They’re not king pins. They were targeted because of the success of the record. They don’t have a case so they are holding them to try to break them down to force them to make a case against themselves. So far they are all standing strong. I imagine the Feds are making their time very unpleasant.
The Feds were fine with that. The Feds were probably even getting a kickback. The Feds drew the line at his putting millions behind black Hip Hop and then talking about using his wealth to strategically bail out Shmurda. This case is deep. We are witnessing modern Jim Crow right before our eyes.
About as fresh as trash outside on a 90degree day.
I don’t think we’ll ever hear it.
HUUGGAHUUUGG!! LOLOL you so silly sis. Girl I ain’t coming to NC…6’6 from there lol… I don’t want another one…..unless he is just one of the bad apples…
Ain’t nobody said nothing about 6’6 but you. We ain’t looking for 6’6. We trying to get somebody for me, not you. Selfish.
ROFLHAARD!!! I gotcha!!!
Yeessss!
With a glass of garbage truck juice on the side.
He’s in solitary confinement…
The Feds said they didn’t seize the album because they didn’t have a warrant. Here’s hoping that sucker leaks. Serves the RZA right.
Nope
Every bit of this. I’m sorry people believe this jerk was arrested because he was considering bailing Bobby Schmurda out. He drew attention to himself when he started trying to jack up the prices of HIV meds. The better portion of people who saw him despised him. THEN he admitted to buying the Wu-Tang album, which I’m sure caused the Feds’ antennae to be raised. I believe the boiling point was him saying he was considering bailing Bobby Schmurda out, but not his reason for being arrested. He ran a Ponzi scheme through the company he founded. Since when is that legal? They saw millions of dollars being spent frivolously and wanted a cut. Plain and simple. Like you said, stay lowkey.
Glad I’m not alone
exactly! not like arresting them has made the crime rate drop n BK
i agree with u 100%
2 Million for Wu Tang Clan album??
People didn’t copy it?? How does that work that an ALBUM has no other copies in 2015??
Sorry I didn’t read properly… So if I understand corrct the Master is the album?? Still 2 Millions??
They are a real gang I was born and raised in Flatbush they lived in the grimey 90s and well I ain’t gon say no more but yea.
i sd allegedly cus u never kno who’s reading! ? but im frm NY also
I don’t get the hype. I only know one song & that’s C.R.E.A.M
I agree with you 100%
Cruel and Inhumane imprisonment. Solitary is their tactic to break his spirit.
Exactly.
There’s lots of real alleged gangs out there. Why target Shmurda?
It would be very strategic for him to convert to the Nation.
I have no idea I’m just saying they didn’t make it easier on themselves when they basically confessed to their actions in the songs. “And monte Keep it on him, he done dropped nijgas and Trigger he be wilding, he some hot nijga
Tones known to get busy with them glocks” …. Like seriously
Then this is a precedence the Feds are using Shmurda to establish. This young black male artist is being targeted for creative liberty and license to tell stories.
The lyrics are not confessions, they are song lyrics. The Feds are holding Shmurda essentially without bail by prohibiting any payment to try to force him to say his song lyrics are true stories. The Feds are demented for Guantanamo Baying a rap artist to force a case.
There are many artists throughout history who allegedly wrote songs that were supposedly about their drug abuse were they incarcerated and held without bail to force confession and to get to their dealers.
Shmurda’s case and imprisonment are unconstitutional and are an assassination of black creative liberty and freedom of speech. This is evident because an entire industry is intimidated by the Feds from rightfully helping this young black artist.
He wrote rap songs.
Um, perhaps because he had an arsenal of sawed offs and ak’s in a zero gun tolerant city/state while under age then publicly bragged about it…no passes for stupidity..
Thank you. Ponzi Scheme vs Bailing Bobby Shmurda out, I will take a for s thousand.
Good for that ass.
RZA rubbin his hands like Birdman. Brrrrr.
I cant wait to see him on American Greed that shows my shyt