Martin Shkreli Accused of Keeping One-Of-A-Kind Wu-Tang Clan Album Copy in New Lawsuit
By Giuliano De Leon
Jun 11, 2024 04:08 PM EDT
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Jun 11, 2024 04:08 PM EDT
American investor and businessman Martin Shkreli is facing a new lawsuit. The plaintiff claims that the former Turing Pharmaceuticals CEO kept a copy of the one-of-a-kind Wu-Tang Clan album.
(Photo : Drew Angerer/Getty Images)
The New York Post reported that a digital art collective in New York sued Martin Shkreli. In 2015, the American businessman paid $2 million for the Wu-Tang album "Once Upon a Time in Shaolin."
However, he let go of the album to partially satisfy a $7.4 million forfeiture order after his 2017 conviction for defrauding hedge fund investors.
However, PleasrDAO, the digital art collective that filed the new lawsuit, claims that ever since Martin Shkreli was released in May 2022, he shared that he kept the Wu-Tang Clan album.
He confirmed this during his live streams and X posts, telling his fans he was still playing the album even though he paid someone $4 million for it.
BroBible reported that PleasrDAO is a self-described collective of early NFT collectors, DeFi leaders, and digital artists. The organization purchased the Wu-Tang album and promised to bring it to the people.
The "Once Upon a Time in Shaolin" album is a big deal for PleasrDAO since it only has a single copy. Since a contract is required before anyone can play it, the one-of-a-kind Wu-Tang Clan album's uniqueness was preserved.
The digital art collective sued Martin Shkreli because the American businessman kept a copy of the album, violating the terms of the contract.
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