WERE AM Mobile App 2020

LISTEN LIVE. LIKE US ON FACEBOOK. FOLLOW US ON TWITTER

Power 107.5
CLOSE

Martin Shkreli has been arrested for paying off debts with stock he illegally took from a biotech firm that he started.

We know Shkreli as the Wu-Tang Clan album buyer, as he purchased the group’s secret Once Upon A Time In Shaolin album for $2 million just months ago.

From TMZ:

Martin Shkreli — the hated pharmaceutical exec who dropped $2 mil for a Wu-Tang Clan album — got busted by the FBI for securities fraud.

The feds arrested Shkreli early Thursday morning in Manhattan. The 32-year-old was already one of the most reviled and envied men in the country for inflating the price on an HIV/cancer treatment from  $13.50 per pill to $750 per pill — and envied for buying Wu-Tang’s top secret “Once Upon a Time in Shaolin” record a few months ago.

The ex-hedge fund manager has been charged for illegally taking stock from a biotech firm he started, and using it to pay off debts from other biz deals … according to Bloomberg.

Apparently, one of his next stunts would have been bailing out Bobby Shmurda. We ain’t mad at that. Leave your thoughts below.

SOURCE: TMZ | PHOTO CREDIT: Getty

FBI Arrests Wu-Tang Clan Album Buyer For Securities Fraud  was originally published on globalgrind.com