Friday, December 18, 2015

The Lowdown On Wu Tang's "Secret" Album, and It's Buyer, Martin Shkreli

Okay so there is a butt load of confusing details surfacing about the current state of the "secret" Wu Tang album Once Upon A Time In Shaolin, so I figured it might be a decent idea to lay them out for those confused about what's going on (or report it for those that don't know, either way it's a win/win for you).

As you know (or may not know) the Wu Tang Clan announced that they would indeed be coming out with a new album (the aforementioned LP). Yaaaaay right?!  Wrong. It was reported that Wu Tang would be placing the LP in a "capsule" of sorts and not releasing it until the year 2103 (yes, 88 years from now). Now yes, it is insane that the Wu Tang decided to pull some prophecy shit and wait 88 years to release the album, but what's even weirder is that Wu Tang was reportedly going to auction off the album to the highest bidder, who turned out to be a man named Martin Shkreli, a pharmaceutical CEO who won the album for about $2 million.

Here's an update on Martin Shkreli; Shkreli got arrested on charges of fraud, but was recently released on $5 million bail as of yesterday. Here is a report from Bloomberg briefly summarizing the charges against Shkreli;

"The federal case against him has nothing to do with pharmaceutical costs, however. Prosecutors charged him with illegally taking stock from Retrophin Inc., a biotechnology firm he started in 2011, and using it pay to off debts from unrelated business dealings. He was later ousted from the company, where he’d been chief executive officer, and sued by its board."

"In the case that closely tracks that suit, federal prosecutors accused Shkreli of engaging in a complicated shell game after his defunct hedge fund, MSMB Capital Management, lost millions. He is alleged to have made secret payoffs and set up sham consulting arrangements."

It has also been reported that Shkreli had plans to bail Bobby Shmurda out of jail, though due to his recent charges, he may not be able to do so anymore. So why does this mean anything?  This guy Shkreli's got "trouble" written all over him. He reportedly raised the price of Daraprim (a life saving AIDS and Cancer drug) from $13.50 to $750 a pill because he claimed "it's a business." Douche. Apparently Wu Tang Clan also gave Bill Murray permission to steal the Wu Tang album in the contract of the Wu Tang album (it shows up in the fine print, amazingly enough), though there are no reports that Murray is going to attempt the heist (probably better off not letting people know you're about to pull off a heist anyways). The details about this album keep getting weirder and weirder, I'll keep HHU Nation informed about any further details (I just came up with that on the spot, HHU Nation, it's got a nice ring to it).      


   

      

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