Martin Shkreli, CEO of Turing Pharmaceuticals has come out and made a statement saying he plans to bail out fellow Brooklyn native Bobby Shmurda out of jail.

Bobby Shmurda, real name Ackquille Jean Pollard is currently incarcerated in Rikers Island along with 12 other members of his GS9 crew. The rapper was charged with conspiracy, reckless endangerment, criminal possession of a weapon and using drug paraphernalia. His bail is set at $2 million. This was just few months after his viral hit came out known as “Hot N*gga“,  a low budget rap video he recorded in Flatbush, Brooklyn, New York  that took the world by storm and landed the Brooklyn rapper a very lucrative record deal with Epic Records. The hit song was remixed by other artists including Lil’ Kim, French Montana, Juicy J, Gunplay, and T.I. just to name a few.

Shmurda’s family have attempted to bail him out but the judge rejected their bond package. Martin Shkreli now is saying he plans to bail out Bobby Shmurda, few weeks after he purchased Wu-Tang album “Once Upon A Time in Shaolin”, a rare one of a kind copy for $2 million. Shkreli isn’t doing this as charity of course, he has made it clear that this is all business.


I’m a fan and I’m a business man. I’m not going to do this for free. [Laughs] He’s going to have to do something for me. I don’t know what that’s going to look like yet. He’s going to owe me one, obviously. I’d like to pay for his legal defense as well. I’m a big fan but also I’m an opportunist. You know that. I see an opportunity here. He’s a talented guy. Every concert I go to, people yell “Free Shmurda.” He reminds me of me, quite frankly. The guy’s totally irreverent. He doesn’t give a damn what people think. Totally irreverent. Totally I don’t give a f*ck. I love him. I just love that style. He’s from not far from where I’m from in Brooklyn. I’d love to help him out. I wish someone would have helped me out when I needed help. He doesn’t have much money, I know that. He’s definitely hurting for money. He needs a bailout, basically. I’d like to help him out. No big promises, but I’ll see what I can do. Like I said, if I can post the $2 million, I’d do it tomorrow. I’m working on it and hopefully we’ll see him free soon.

It’s a mix. Look, the guy’s going to have to record for me if he comes out. I’ll just come out and say it. If I’m gonna post his bail, pay for his trial, get him a “Not Guilty” verdict… With the right lawyer it’s just a matter of money. I see opportunity. The guy’s going to be more popular when he’s out. The guy probably didn’t do sh!t. He was trying to turn to a new chapter in his life and the old sh!t is coming up and hurting him. He’s New York’s best chance for rap since 50 Cent. It’s not a lot of money for me. Spend a couple million on his defense, a couple million on bail and I’ll get the bail money back real quick. So a million or two for his defense, which is probably $4 million in total, I’m willing to put towards his defense. I don’t do olive branches. I’m doing something for him, the same way I felt I was doing something for the Wu-Tang Clan. And I’m doing something for me. If people benefit from that, listeners, then that’s great, but that’s not my primary concern. First is him. Second is me. Third is everyone else. Everyone wins. It’s a win-win-win. The only loser is the f*cking FEDs that want to see a f*cking kid sit in jail for no reason because his lawyers can’t f*cking get his act together. That’s what’s going on with that.

Of course Shkreli would be thinking about the money behind this move, as recently the public has been labeling him as the face of greed as they protested his actions regarding the spike in price of Daraprim, a drug which treats potentially life-threatening infections. The drug’s price was increased from $13.50 to $750 per pill, overnight.

“This isn’t the greedy drug company trying to gouge patients, it is us trying to stay in business,” Shkreli said at the time. “This is still one of the smallest pharmaceutical products in the world. It really doesn’t make sense to get any criticism for this.”

Whatever the case may be, it’s unfortunate to see a young kid sit in jail like that with that kind of bail. His surroundings clearly had an effect on him, and Shmurda was just getting his life on the right track with his record deal with Epic. Let’s hope everything works out for him the best and he gets back with his family so he can make music again.