Martin Shkreli scammed $15 million after 'buying' Kanye West's new album

Martin Shkreli scammed $15 million after 'buying' Kanye West's new album
PHOTO: Reuters

SINGAPORE - Martin Shkreli's genius may have shot him to wealth, but no matter how high his pedestal rises, he can't escape the claws of irony - or a certain heartbreak.

Shkreli had raised the price of an Aids-related drug from US$13.50 to US$750 per tablet last year, to the chagrin of the public.

This year on Valentine's Day, the former pharmaceutical CEO flooded Twitter with a barrage of angsty tweets, claiming that he had just been conned of US$15 million (S$21 million).

According to updates on his Twitter page, the 32-year-old American had apparently offered Kanye West US$10 million for his new album on Feb 12, instead of releasing it to fans. Unilad reported that he later raised the bid to US$15 million.

In true Shkreli style, this move is similar to an earlier contract he struck with Wu Tang Clan, where he became the sole owner of the band's album for US$2 million.

This time however, Shkreli wasn't so lucky.

The deal turned out to be a sham, and he took to Twitter to hunt down the scammer. 

Unfortunately, his Twitter witchhunt backfired when hackers leaked his credit card details online.

In a Twitter update, well-connected Shkreli claimed that he enlisted the help of bitcoin creator Sitoshi Nakamoto to retrieve the money. 

He even posted: "I always win", shutting down critics and detractors.


Things haven't been going so well for Martin Shkreli since he was exposed for hiking the price of Daraprim. 

The media have even dubbed him as America's most hated man and "least likeable millionaire".

Last December, Shkreli was arrested by the FBI for fraud, but was later released on bail. He resigned as CEO of Turing Pharmaceuticals shortly after.

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