Hip-Hop News

Martin Shkreli Arrested In NYC For Financial Scamming


*UPDATE* Martin Shkreli was arrested at his Manhattan apartment building earlier this morning (December 17) on securities fraud charges. He’s been accused of taking stock from a biotech company he founded in 2011 and creating sham consulting arrangements through a “complicated shell game”, according to Bloomberg News. Looks like this Wolf of Wall Street needs someone to bail *him* out of jail now.  

Martin Shkreli, the hedge fund manager turned medical CEO who jacked up the price of AIDS medication and sole owner of Wu-Tang Clan’s Once Upon A Time In Shaolin, has some shocking news: he wants to bail Bobby Shmurda out of jail.

“Forget whether you think [Shmurda’s] guilty or not, the guy should not be sitting in jail right now. It’s insane,” Shkreli told HipHopDX in an exclusive interview. “He’s from Brooklyn. I’m from Brooklyn. He deserves a fair trial. He deserves good lawyers. He doesn’t have good lawyers. His label is hanging him out to dry and so I have a conference call tomorrow morning with them (December 15). I’ll show up with $2 million bail money no fucking problem. He’s not going to flee the country. I’m not going to lose anything. I’m going to try to make that happen…”

This exciting news comes with a big whopping asterisk next to it, though. “I’m a fan and I’m a business man. I’m not going to do this for free [Laughs],” Shkreli continued. “He’s going to have to do something for me. I don’t know what that’s going to look like yet. He’s going to owe me one, obviously.” Shkreli sees potential in the GS9 rapper and loves his overall style, so he’s allegedly hard at work arranging this bailout. “I’d like to help him out. No big promises, but I’ll see what I can do. Like I said, if I can post the $2 million, I’d do it tomorrow. I’m working on it and hopefully we’ll see him free soon.”

This news comes on the heels of Shmurda’s bail pleas being denied for the fifth time. He’s in the clink for weapons and drugs charges and still faces up to seven years in prison.

To Top