Martin Shkreli, the man who bought the multi-million dollar one-of-one Wu-Tang album and boasted about bailing out Bobby Shmurda was arrested on securities fraud, according to Bloomberg Business.
The pharmaceuticals executive is accused of grabbing stock from a company he founded to pay off debts elsewhere. The move has been characterized as a "shell game," where Shkreli—who was ousted from his company by the board—has been trying to pay off debts from a hedge fund he founded that has lost millions.
Shkreli, a 32-year-old Brooklyn man, made headlines last week when it was revealed he secured the rights to Once Upon A Time In Shaolin, which RZA put together as a special project. Shkreli also boasted in an interview with hiphopdx.com that he would bail out Bobby Shmurda.
Last week, theverge.com suggested that RZA was looking for a way to re-obtain the album and a clause may exist where the group can legally pull one heist to secure the album, though it seemed very tongue-in-cheek, RZA seemed to confirm it with a tweet about an "urge" to do so.