Martin Shkreli has been sued in New York by a digital art collective that said it paid $4.75 million for a one-of-a-kind album by the hip-hop group Wu-Tang Clan, only to learn that the convicted pharmaceutical executive made copies and is releasing the music to the public.
Shkreli paid $2 million in 2015 for “Once Upon a Time in Shaolin,” and gave it up to partially satisfy a $7.4 million forfeiture order after his 2017 conviction for defrauding hedge fund investors and scheming to defraud investors in a drugmaker.
The plaintiff PleasrDAO said Shkreli has, since his May 2022 release from prison, told fans on live streams and social media platform X that he kept and had shared the album, once saying, “I was playing it on YouTube the other night even though somebody paid $4 million for it.”
Such activity violates the forfeiture order, amounts to misappropriation of trade secrets, and “greatly diminishes and/or destroys the album’s value,” according to the complaint filed Monday night in Brooklyn federal court.
nypost.com/2024/06/11/business/martin-shkreli-copied-wu-tang-clan-album-lawsuit/