Martin Shkreli—aka the pharma bro who exponentially raised the price of an HIV drug, copped the new Wu-Tang Clan album for a cool $2M and wants to bail Bobby Shmurda out of jail—was arrested by the FBI for securities fraud. The struggle is real.
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. Reviled 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 32-year-old 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.
Shkreli was in the Hip-Hop news again when he revealed he wanted to bail Bobby Shmurda out of jail.
“I’m a fan and I’m a business man. I’m not going to do this for free. [Laughs],” Shkreli told HipHopDX of Shmurda. “He’s going to have to do something for me. I don’t know what that’s going to look like yet. He’s going to owe me one, obviously. I’d like to pay for his legal defense as well. I’m a big fan, but also, I’m an opportunist. You know that.”
Good luck with that.