We Finally Know How Much Martin Shkreli's Wu-Tang Album Cost

0
9كيلو بايت

The saga of Once Upon a Time in Shaolin, the one-of-a-kind Wu-Tang Clan album that Martin “pharma bro” Shkreli bought for approximately $2 million in 2015, continues. The album’s contents have always been a highly guarded secret, and it was seized by the U.S. government in 2018 after Shkreli was convicted of securities fraud. For years, it was reported that the government had sold the album directly to PleaserDAO, a crypto collective that specializes in NFTs. However, Bloomberg now reports that this was not the case.

According to new FOIA documents, the government actually sold the album off to another company before PleaserDAO acquired it in 2021. Bloomberg sued the Justice Department for more information on the heavily redacted case, and the government has finally revealed the buyer’s identity. WTC Endeavours Limited, which was set up for the express purpose of purchasing the album in 2020, was incorporated in Hong Kong. The company was dissolved some two years after the album was purchased by PleaserDAO in 2023.

Bloomberg writes that WTC Endeavors purchased the album from the U.S. government for $2,238,482.30, which was the amount that Shkreli owed the government at the time. PleaserDAO then subsequently procured the album through crypto payments equivalent to $4 million. “The DOJ made it clear to my FOIA attorney that PleasrDAO wasn’t connected in any way to the corporate entity or the individual who purchased the album,” Bloomberg writes.

Not a whole lot of information is available about WTC Endeavors, and Leopold notes that the names of the officers affiliated with the company “don’t appear to be well known.”

Shkreli, formerly the CEO of Turing Pharmaceuticals, is best known for having bought and jacked up the price of Daraprim, an anti-parasitic drug that saves lives, by 5,000 percent. Shkreli subsequently became the face of the pharmaceutical industry’s sociopathic price-gouging and has been notorious ever since. He went to prison for securities fraud in 2018. A thoroughly ridiculous individual, Shkreli subsequently managed to seduce a journalist while in prison, who left her husband for him. Since getting out of prison, Shkreli and the journalist have parted ways, and Shkreli is now thoroughly entrenched in the cryptocurrency community, which is probably where he belonged all along.

Once Upon a Time in Shaolin is a 31-track album that was developed by Wu-Tang over a long period and sold with the legal stipulation that it couldn’t be commercially released until the year 2103. For a majority of us peons, its contents remain a mystery, although if you get invited to the right party, you have a chance at catching some of its tracks.

Like
Love
Haha
3
البحث
الأقسام
إقرأ المزيد
News
Dừng đèn đỏ trong bóng râm để tránh nắng, cẩn thận có thể bị phạt nặng đến 6.000.000 đồng
Theo Điều 11 Luật Trật tự, an toàn giao thông đường bộ...
بواسطة TAMMYrivera774 2025-08-12 06:48:06 0 8كيلو بايت
Food
Mongolian BBQ
Mongolian BBQIngredients:For the Meat:1 lb (450g) beef (sirloin, flank steak, or rib-eye), thinly...
بواسطة wivjaj 2024-10-10 01:31:08 0 23كيلو بايت
News
Các trường đại học khi nào công bố điểm chuẩn trúng tuyển năm 2025?
Mùa tuyển sinh đại học, cao đẳng năm 2025 đã ghi nhận...
بواسطة KirbyJustin2 2025-07-30 07:47:04 0 8كيلو بايت
Food
Low Carb Onion Chips
Alright, let's get cooking! As a chef, I understand the craving for crispy, savory snacks,...
بواسطة milton34_ClyQ 2025-07-15 02:36:08 0 7كيلو بايت
News
Quy định mới không cập nhật Căn cước/Căn cước công dân sẽ bị khóa tài khoản ngân hàng, đúng không?
Trước thực trạng nhiều trường hợp lừa đảo...
بواسطة QueenKaylha 2025-06-20 23:04:05 0 10كيلو بايت