American investor Martin Shkreli accused of copying and sharing one-of-a-kind Wu-Tang Clan album
FILE - Martin Shkreli is interviewed on the Fox Business Network in New York, Aug. 15, 2017. Shkreli is facing a new lawsuit for allegedly retaining and sharing recordings from a one-of-a-kind Wu-Tang Clan album that he was forced to sell following his 2017 conviction on securities fraud charges. The lawsuit was brought Monday, June 10, 2024, by a cryptocurrency collective, PleasrDAO, which purchased the only known copy of the album from Shkreli for $4.75 million. (AP Photo/Richard Drew, File)
NEW YORK (AP) — American investor Martin Shkreli is facing a new lawsuit for allegedly retaining and sharing recordings from a one-of-a-kind Wu-Tang Clan album that he was forced to sell following his 2017 conviction on securities fraud charges .
The lawsuit was brought Monday by a cryptocurrency collective, PleasrDAO, which purchased the only known copy of the album from Shkreli for $4.75 million. The album, “Once Upon a Time is Shaolin,” has not been released to the public, functioning as a rare contemporary art piece since it was auctioned off by the famed hip-hop group in 2015.
In the lawsuit filed in Brooklyn, New York, federal court, PleasrDAO accused Shkreli of retaining digital copies of the album in violation of their deal and disseminating them widely among his social media followers.
