How serious are Wu-Tang Clan fans about the fate of group’s one-of-a-kind album in lieu of owner Martin Shkreli’s arrest for securities fraud? Enough that the FBI issued a statement updating everyone on Once Upon A Time In Shaolin’s whereabouts.
Unfortunately, it’s still in the pharma bro’s possession.
According to the FBI, there was no seizure warrant at the time of Shkreli’s arrest.
Shkreli has already been released on $5M bond.
Reports the New York Daily News:
Martin Shkreli — the Turing Pharma CEO who paid a reported $2 million for Wu-Tang Clan’s one-of-a-kind album earlier this month — and attorney Evan Greebel were taken into FBI custody after a federal probe of Shkreli’s former hedge fund, authorities said.
Both men pleaded not guilty, with Shkreli released on $5 million bail and Greebel on $1 million after a Brooklyn Federal Court hearing.
Shkreli’s father and brother signed the $5 million bond, which will be secured by an account set up by the defendant containing the full amount in cash or securities.
Ironically, the FBI once considered Wu-Tang Clan members RZA and Raekwon murder suspects. So is the FBI finally down with the Wu, though?
The fact that it looks like Martin Shkreli is on the precipice of losing it all after revealing he wanted to bail Bobby Shmurda out of jail is incredible. Also, karma remains undefeated.
Photo: AP Photo