Martin Shkreli got the world of Hip Hop talking after announcing he would pay Bobby Shmurda’s $2 Million bail.
But Shkreli’s plans to bail out Shmurda fell through after federal agents arrested him at his Manhattan home on securities fraud to a firm he founded, according to Bloomberg.
Brooklyn prosecutors reportedly charged the 32-year-old entrepreneur with illegally taking stock from his biotechnology firm Retrophin Inc. he started in 2011, and using it to pay off debts from unrelated business dealings. Shkreli, who served as CEO, was later forced out of the company and sued by its board.
Bobby Shmurda was very much aware of Shkreli’s plans to pay his bail. Bobby was asked his thoughts on the matter during an interview with ThisIs50’s Pvnch.
“Nah, I didn’t get to get in contact with him,” Bobby said. “I wish I could. I heard what happened to him. That was crazy. The whole situation is crazy. I think they did that sh*t for no reason really. Because all this time and he was out, he was talking about us and all of a sudden he got locked. That sh*t is crazy. I hope he works it all out and I hope he beats his case.”
Watch interview at 10:20 mark.
Shkreli purchased Wu-Tang’s “Once Upon A Time In Shaolin” for $2 million. He’s also the wealthy pharmaceutical CEO who raised the price of Daraprim, an AIDS medication, from $13.50 per pill to a staggering $750 each.
In an exclusive interview with HipHopDX, Shkreli said he was in talks to bail out the “Hot N*gga” rapper.
“Forget whether you think he’s guilty or not, the guy should not be sitting in jail right now. It’s insane. He’s from Brooklyn. I’m from Brooklyn,” Shkreli told HipHopDX. “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 f—— 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. That’s one thing I’m working on.”