Martin Shkreli case: American justice sells the Wu-Tang Clan album

Anyone who wants to become a prosecutor usually has to be very smart and hard-working. After all, there are a lot of laws to be learned. Hip-hop, on the other hand, is not part of the law curriculum. Which doesn’t mean that you, as the prosecutor, couldn’t get in touch with her.

It was Jacquelyn M. Kasulis, acting district attorney for the Eastern District of New York, who announced something in a press release Tuesday that should be of interest to hip-hop fans around the world. One of the most coveted albums on the planet has changed hands: the United States has sold “Once Upon a Time in Shaolin” by the New York group “Wu-Tang Clan” – a record of which only ‘a single copy. There should be no question of buyer and purchase price due to an agreement.

Open detailed view

The decorated case of the album “Once Upon a Time in Shaolin”

(Photo: – / dpa)

It’s unclear if Attorney Kasulis likes thick bass and punchlines. However, the sale was not made for private interests either. The album is part of the rather incredible story of a man who turned on millions of people and was sentenced to seven years in prison for fraud in 2018. Along with the proceeds of the case, his remaining debts to the US authorities must now be paid.

The man’s name is Martin Shkreli, born in Brooklyn / New York. Someone who knew early on that he wanted to play in the big money world. In his mid-twenties, he founded his own hedge fund, and in 2011 he became a pharmaceutical entrepreneur. The business model: buy drugs that are rarely used and increase their price. In 2015, he became internationally known. He and his Turing company had bought a 62-year-old drug and multiplied the price by 5,000 almost overnight.

He ultimately lost it with hip-hop fans when he bought the rumored Wu-Tang record for two million dollars – and rejoiced that other people couldn’t get it. to hear. It should stay that way for now. According to the New York Times, Peter Scoolidge, the buyer’s attorney, said his client had to stick to the original contract, which stipulated that the record would not be released for 88 years. At least he was apparently allowed to listen to it himself. His conclusion: “This is great, man!”

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