Wu Tang Clan Donates Sale Of $2 Million Album To Charity After Discovirng Buyer Is Martin Shkreli
Source: Seattle PI
The Wu-Tang Clan are donating proceeds from the sale of their one-off album “Once Upon a Time in Shaolin” to charity after the buyer was unveiled as a controversial tycoon Martin Shkreli.
Last month it emerged the hip-hop stars had agreed a deal to sell off the only copy of the record for an “undisclosed figure in the millions.”
The identity of the buyer was kept private at the time of the sale, which was agreed earlier in the year, but he has now been identified as Shkreli, a pharmaceutical entrepreneur who was widely condemned for raising the price of AIDS medication from $13.50 to $750 per pill.
Wu-Tang Clan member RZA has now confirmed the rappers agreed to donate a portion of the sale to a good cause after the revelations about the buyer came to light.
“The sale of ‘Once Upon a Time in Shaolin’ was agreed upon in May, well before Martin Skhreli’s business practices came to light,” RZA writes in an email to Bloomberg Businessweek magazine. “We decided to give a significant portion of the proceeds to charity.”
Shkreli, who revealed himself as the buyer to the publication, feared the band would have axed the deal if it hadn’t been finalized by the time his story hit headlines.
Read more: http://blog.seattlepi.com/people/2015/12/09/wu-tang-clan-donate-album-sale-money-to-charity-after-discovering-buyers-identity/
This is awesome. Fuck you, Shkreli.
= new reply since forum marked as read
Fuck that guy. 
First we learned that the single copy of the Wu-Tang Clan album was bought by a pharmaceuticals CEO once described as “the most hated man in America” (reportedly for $2 million), then the buyer - Martin Shkreli - started a YouTube live stream, teasing that he might play the album for viewers, and now we learn of an amazing stipulation in the album’s contract.
According to Twitter user Rob Wesley, who might have invented the clause, though a lot of people on Twitter are taking it to be real, it states:
‘The buying party also agrees that at any time during the stipulated 88 year period, the seller may legally plan and attempt to execute one (1) heist or caper to steal back Once Upon A Time In Shaolin, which, if successful, would return all ownership rights to the seller.’
Then comes the best bit:
‘Said heist or caper can only be undertaken by currently active members of the Wu-Tang Clan and/or actor Bill Murray, with no legal repercussions.’
This is the greatest thing I've ever heard of!!!
And knowing Wu Tang, they would have the balls to pull something like this.
I fully endorse it.
-- Mal
This POS is a psychopath...steaming in a pile of manure along side most of the Repukkkian party...
Last edited Fri Dec 11, 2015, 02:40 PM - Edit history (1)
What a shame, Wu-Tang -- six years of work down the drain! You HAD to unload that money because thanks to your taste in buyers, you come out of this looking as cruel, greedy, unreasonable and unstable as Shkreli actually IS. You didn't factor that into your master plan, did ya? Well, don't forget to wave bye-bye to your artistic integrity AND your hiphop street cred on your way out -- and DO let the door hit you on your asses!
rocktivity
rocktivity
The slime-bag hasn't yet lowered the price on those pills. Not a dime. In fact, it was around $900 per pill in October this year, and Shkreli is now saying that it is actually good he's bumped the price so much because it is an 'ancient' drug and no one has heretofore had any incentive to develop any new drug.
You know what I think? The guy should be put on trial under the RICO Act for racketeering, which is defined as, "the act of offering of a dishonest service (a "racket"
to solve a problem that wouldn't otherwise exist without the enterprise offering the service," which is EXACTLY what this repulsive excuse for a human being is doing. Maybe six or seven consecutive life sentences...
Seriously, this is what is wrong with us. Our capitalist overlords and the chest-pounding GOP nationalists actually think it is OK to do this kind of shit. 
We need single payer ASAP.
Last edited Thu Dec 17, 2015, 04:00 PM - Edit history (1)
Bloomberg:Martin Shkreli, the boyish drug company entrepreneur who rocketed to infamy by jacking up the price of a life-saving pill from $13.50 to $750, was arrested by federal agents at his Manhattan home early Thursday morning on securities fraud related to a firm he founded.
Prosecutors in Brooklyn charged him with illegally taking stock from Retrophin Inc., a biotechnology firm he started in 2011, and using it to pay off debts from unrelated business dealings. He was later ousted from the company, where he’d been chief executive officer, and sued by its board.
In the case that closely tracks that suit, federal prosecutors accused Shkreli of engaging in a complicated shell game after his defunct hedge fund, MSMB Capital Management, lost millions. He is alleged to have made secret payoffs and set up sham consulting arrangements...
I love the smell of vindication in the morning -- I hope Wu Tang's check cleared.
rocktivity
An alternative was announced not long after his price hike, and Imprimis Pharmaceuticals has stated they can make it for about $1 per pill.
In India, over a dozen pharmaceutical companies manufacture and sell pyrimethamine tablets in India, and, multiple combinations of generic pyrimethamine are available for a price ranging from US$0.04–$0.10 each (3–7 rupees).
In the UK, the same drug is available from GSK at a cost of US$20 (£13) for 30 tablets (approximately $0.66 each).
As of September 2015, Daraprim imported directly from GSK UK is available for less than US$7 per tablet.
In Brazil, the drug is available for R$0.07 a pill, or about US$0.02.
In Canada, the drug was reportedly discontinued in 2013 but hospitals may make the drug in-house when it is needed.
On October 22, 2015, Imprimis Pharmaceuticals announced it has made available a formulation of Pyrimethamine and Leucovorin in oral capsules starting as low as $99.00 for a 100 count bottle.
So, it looks like he's going to get reamed by the rest of the market for the same drug. Not to mention that Canadian hospitals can just make their own!
