Price-hiking pharmaceutical CEO Martin Shkreli has made bizarre claims that he’s been scammed out of $15million when he tried to exclusively buy Kanye’s new album.
Shkreli – who famously increased the cost of AIDs drugs by 5,000 per cent – had recently posted on Twitter a letter sent to the rapper offering him $10 million to release The Life of Pablo, solely to him.
Unsurprisingly West ignored the ‘pharma bro’s’ offer and released his new album last night after his Saturday Night Live appearance.
But within minutes of Kanye’s album being released – Shkreli appears to have gone into full Twitter meltdown – revealing that he believed he had bought The Life of Pablo for 37,000 bitcoins worth $15 million.
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Price-hiking pharmaceutical CEO Martin Shkreli has had a bizzare Twitter meltdown after claiming he’s lost $15million over Kanye’s new album (file picture)
He claimed to have signed a deal to buy the album with a man named Daquan, who said he ‘rolled’ with Kanye, and had transferred the cash.
In a series of panicked tweets after the album release, he demanded to know: ‘Who the f*** has my fifteen million dollars??
‘I need my money back this isn’t a f***ing joke WTF.
‘Call the police this is bulls**t.’
The deluded hip hop fan even tweeted that he had texted ‘Ye’ to tell him he was only allowed to play the leaked half of the album – which was also ignored by Kanye.
A bizarre video of Shkreli, uploaded by the pharmo bro, appears to show him on the edge of tears as he listens to the new album – telling himself ‘you can do this.’
‘This is the worst day of my life,’ he tells his ‘friends’ online before adding that his parents are going to ‘kill him’ over the deal.
‘My mom said don’t deal with these kinds of people.
‘F***ing nothing good comes from rap music.’
Shkreli had recently written to Kanye West (pictured) offering him $10 million to release The Life of Pablo, solely to him. The rapper ignored him
Kanye West shared his cover art of the album on Twitter on Thursday, noting it was the work of Peter De Potter
The video later shows Shkreli listening to a hand delivered copy of ‘his album’ which turned out to be a fake.
Millionaire Shkreli even posted he would be setting up a GoFundMe account to help with his loss.
Since posting the tweets in the early hours of Sunday morning, hundreds have responded mocking the former hedge fund manager.
Today the bitter 32-year-old has responded claiming he will get the money back because ‘he always wins.’
‘I hope you all enjoy this stupid music SO much and the fact it has brought me so much pain and suffering,’ he posted. ‘I quit rap.
‘And second of all I can make the money back faster than anyone so the joke is on YOU if you think I even care.
‘Also, idiots, I’ve gotten in touch with Sitoshi (Bitcoin’s creator) and he’s agreed to help me get my money back. I always win.’
Shkreli has spent millions of dollars to indulge his hip-hop fandom while allegedly trying to hide losses from a series of terrible investments, Securities and Exchange Commission files suggest.
The shamed pharmacy boss was arrested and charged with securities fraud in December and is accused of losing mountains of money given to him by investors then lying about what was left.
Shkreli was an avid hip-hop fan, adoring artists including Eminem and DMX, and made no secret of his desire to get involved in the music industry.
And according to federal documents, his lavish lifestyle and music tastes were one of the biggest benefactors of the huge cash sums he was given by investors.
Shkreli recently paid $2million to buy the only copy of Wu-Tang Clan’s latest album Once Upon a Time in Shaolin, which was pressed on only one CD in a promotional move by the rap group.
Last week he offered $10million for West’s new album The Life of Pablo.
Shkreli’s offer in part read: ‘I am writing to you in hopes of convincing you to withhold the release of your forthcoming studio album.
‘Instead of releasing this product for your millions of fans, I ask you to sell this recording solely to me, for the price of $10,000,000.
‘I believe you (and your partners) will find this financial arrangement more attractive than your current course of action.’
He posted a copy of an offer letter he made to Kanye, who announced he is $53 million in debt over the weekend, on his Twitter account on Thursday in which he asked West to withhold the release of his album and instead sell it to him.
Shkreli said in a separate tweet that West and his label, Universal Music Group, are legally required to take his offer to their board.
He said it could delay the album’s release by a few days – it didn’t.
The rapper and fashion designer debuted his new album, despite Shkreli’s claims, and clothing collection at famed music venue Madison Square Garden as part of New York Fashion Week.
West played new tracks for the upcoming album as dozens of models were unveiled standing on raised platforms in the center of the arena, wearing the new Yeezy Season 3 that he designed for sports brand Adidas.
The show – viewed by more than 20 million viewers as it was streamed for free online via subscription music service Tidal – quickly became a top social media trend, as fans tweeted about the collection and the music.
Universal Music Group did not immediately respond to an email seeking comment.
Shkreli made his offer after reports came out stating he allegedly owes the government more than $4.5million in unpaid taxes.
The Internal Revenue Service filed a federal tax lien against the 32-year-old last month saying he reportedly owes $3,431.85 from 2013 and $4,625,496.70 from 2014, according to Gawker.
The document states a demand for payment was made but that it is still unpaid, resulting in a lien ‘in favor of the United States on all property and rights to property belonging to this taxpayer for the amount of these taxes.’
The notice was prepared on December 18 and was filed on January 11.
On Tuesday, a Long Island artist sued Shkreli and others over the use of his art in a Wu-Tang Clan album, saying he never expected portraits he posted on a fan blog two years ago to be used without his permission.
Artist Jason Koza said in the Manhattan federal court copyright infringement lawsuit that his portraits of members of the New York-based hip-hop group were used without authorization on the Wu-Tang Clan album Shkreli bought for $2million.
The lawsuit comes after Shkreli’s recent not guilty plea in Brooklyn federal court to securities fraud charges claiming he cheated investors in companies he created.
Shkreli made headlines last year after a drug company he founded, Turing Pharmaceuticals, spent $55 million for the U.S. rights to sell a life-saving medicine called Daraprim, then raised the price by more than fifty-fold.
He was called last week before a congressional committee investigating the price of drugs, but cited the Fifth Amendment privilege against self-incrimination.
Before the meeting was over, however, Shkreli was back on Twitter, calling members of Congress ‘imbeciles.’
Shkreli is out on $5 million bail after being arrested in New York in December on securities-fraud charges not directly related to the drug price increase.