Martin Shkreli Sentenced to Seven Years in Prison for Securities Fraud

Self-proclaimed “pharma bro” Martin Shkreli, who infamously raised the price of a live-saving HIV drug and bought the one-of-a-kind Wu-Tang Clan album, has been sentenced to seven years in prison for securities fraud.

Associated Press reports that U.S. District Judge Kiyo Matsumoto heard arguments in Brooklyn, New York, Friday on how long Shkreli should spend in jail, ultimately deciding on seven years after initially suggesting 15.

According to those at the scene, Shkreli cried during the sentencing, apologizing to his investors and admitting that he's made a lot of mistakes in his career. His attorney argued that Shkreli deserved only 18 months or less in prison, explaining that he shouldn't be punished for having a big mouth. Matsuomoto explained that he didn't take any of his actions outside of security fraud into account during the sentencing, but let's be real if he did he'd be sentenced for even longer.

Shkreli's own lawyer mentioned during the sentencing that he wanted to punch Shkreli in the face, which is good to know. Assistant U.S. Attorney Jacquelyn Kasulis also said during the sentencing that Shkreli has “no respect whatsoever” for the law.

Shkreli was recently ordered to forfeit his stake in the $2 million Wu-Tang album Once Upon A Time in Shaolin, as well as what may or may not be Lil Wayne's Tha Carter V.

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Gucci Mane Plans to Drop a Mixtape ‘Every Other Day’ in 2018

It seems 2018 will be the year of Gucci Mane. The veteran rapper, who will be performing at ComplexCon in November, took to Twitter to proclaim he will be going “100 percent independent and dropping a mixtape every other day.” Yes, Gucci Mane has said that he will drop a new mixtape every other day in 2018. Which is, considering there are 365 days in a year, a very large amount.

Gucci, who was released from prison in May of 2016, has been putting in a ton of work and seems to have no plans of slowing down. Among his releases are two studio albums, Everybody Looking and The Return of East Atlanta Santa.

He also just released a fascinating memoir, co-written with Neil Martinez-Belkin, called The Autobiography of Gucci Mane. The book revealed a ton of interesting information about the influential rapper, from the history behind his name to the inspiration behind his hit “Lemonade.” 

To date, Gucci has released an impressive ten studio albums. His eleventh, Mr. Davis, comes out Oct. 13 and boasts features from ASAP Rocky, Schoolboy Q, Big Sean, Nicki Minaj, Chris Brown, Migos, Monica, Ty Dolla Sign, and others.

Want to experience Complex IRL? Check out our second annual ComplexCon, a festival and exhibition taking place in Long Beach, California Nov. 4-5. Host committee members include Murakami, Pharrell, Virgil Abloh, Sarah Andelman, J Balvin and Jaden Smith. For more information on performers, panels, and tickets, visit

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Martin Shkreli Played Part of the $2 Million Wu-Tang Clan Album During a Livestreamed Interview

Last week, IRL troll Martin Shkreli was found guilty on three counts of fraud and conspiracy, resulting in a possible 20-year sentence in prison. I initially hoped this conviction would mean that he'd stop fucking with the hip-hop scene… and I might've jinxed things, as he's totally now just turning on stuff like the $2 million Wu-Tang Clan album Once Upon a Time In Shaolin during interviews.

Apparently, there's a YouTube account called “Best of Martin Shkreli” that archives Shkreli's livestreams. One of them features almost an hour of Shkreli being interviewed, and at about 48 minutes in, Shkreli just presses play on Once Upon and lets it rock for the last 10 minutes of the interview. Shkreli brought up his purchasing of the album, calling it a “donation.” 

“I donated $2 million to Wu-Tang,” he said. “I got a mixtape in return, it was a wonderful investment. I view it as a donation. People might see that as splurging. I don’t think there are many people in the world who have patronized hip-hop to the extent I have.” Not sure if this is more of Shkreli's trollery, but you have to wonder how far some hip-hop fans would go if they had the funds Shkreli had from his hedge-fund fuckery.

That isn't the only rap album Shkreli is holding onto, though. D.C. reporter Alex Pfeiffer shared some info on Twitter recently about how Lil Wayne's Carter V landed in Shkreli's possession. “I'll always remember how Shkreli told me he got the Carter 5,” Pfeiffer tweeted. “Wayne sold his Bugatti and left the CD in owner sold it to shkreli.” Back in December 2016, Shkreli told DJ Akademiks that he believed the “sale” of Carter V was legal. “Criminal law? Forget it,” Shkreli said. “But [in terms of] civil law, I don’t believe that Lil Wayne could sue me. I don’t believe Birdman can sue me. I don’t think Universal could sue me. It’s a legal sale.”

This May, almost six months later, Wayne's legal team threatened to sue Shkreli if he played any more tracks from Carter V—but I'm sleep.

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