FBI: Sorry, We Didn't Seize Shkreli's Prized Album

Music fan makes epic attempt to get it through FOIA request
By John Johnson,  Newser Staff
Posted Dec 18, 2015 9:00 AM CST
Martin Shkreli leaves the courthouse after his arraignment in New York Thursday.   (AP Photo/Seth Wenig)

(Newser) – Infamous pharma CEO Martin Shkreli is out on $5 million bail after being arrested Thursday on charges of securities fraud, reports the AP, but the 32-year-old is looking at 20 years if he's convicted. (Still, he's "glad to be home.") Some related reading:

  • An innovative music fan filed what Boing Boing calls "the best FOIA ever" over the $2 million Wu-Tang Clan album that Shkreli famously bought. The fan was hoping that the FBI had seized the never-heard album during the arrest, and that he could then make it public through his freedom-of-information request. Sadly, it turns out the FBI didn't seize it.
  • But maybe there's still hope for the album? Vice floats some possibilities.

  • As for the charges Shkreli faces, they don't involve his price-hiking strategies; he's essentially accused of running a "[Ponzi] scheme during his early adventures in the worlds of hedge funds and, eventually, pharma," according to this Slate explainer.
  • His alleged partner in crime, lawyer Evan Greebel, helped the Winklevoss twins start an exchange fund for Bitcoin, notes the Wall Street Journal.
  • Shkreli seems to have been "surprisingly good at fraud," observes this analysis of the SEC case at Bloomberg.
  • But another analysis at the Los Angeles Times thinks the case shows that Shkreli was "an investment hotshot who couldn't get anything right."
  • Thursday's big theme on Twitter after the arrest was "schadenfreude," says this Salon roundup.
Catch up with Shkreli's odd interview with high school students before his arrest.

My Take on This Story
Show results without voting  |