What did convicted hedge fund manager Martin Shkreli, AKA Pharma Bro, have to sell to settle a $7.4 million debt?
The U.S. Attorney in Brooklyn sold Tuesday, July 27, 2021, a single two-CD copy of an unreleased Wu-Tang Clan album to settle a $7.4 million debt by American convicted hedge fund and pharmaceuticals CEO Martin Shkreli, AKA Pharma Bro._x000D_
Why is Martin Shkreli called Pharma Bro?
_x000D_Martin Shkreli gained the name for raising the price of the HIV-related drug Daraprim by more than 5,000 percent while running the company then known as Turing Pharmaceuticals. U.S court convicted Shkreli of using money from his pharmaceutical firm Retrophin to pay off investors and cover other debts._x000D_
What’s the most expensive album ever sold?
_x000D_Wu-Tang Clan’s Once Upon a Time in Shaolin is the most expensive album ever sold. Its remarkable value derives from the fact that it was printed in just one copy, as the band’s attempt to create a unique piece of art. In comparison – Ringo Starr’s private 0000001-numbered copy of The Beatles’ White Album is the most expensive, widely released record ever sold – for $790,000 at an auction in 2015.