Controversial pharmaceutical CEO Martin Shkreli has released a bizarre video in which he threatens to erase Wu Tang Clan's Ghostface Killah from an album.

In a recording obtained by TMZ.com, the accused fraudster and rap fan Shkreli, is seen flanked by a three masked men.

Shkreli, who is currently free on $5 million bond after being arrested on federal charges of securities fraud, threatens to erase Ghostface Killah from the 'record book of rap'.

"You're not a Ghost Killah, I'm sorry," Shkreli sneers.

"You think it's OK to beef with me. But that's' a big mistake ... you're an old man who has lost his relevance.

"If you ever say some dumb s*** again, this album, this 'Shaolin,' I'm going to erase all your s***from this album, you understand? I'm going to erase you from the record book of rap."

"Without me, you're nothing," Shkreli continues.

"So don't ever mention my name again, or there'll be more of a price to pay than this video."

"Even though I pity you, I have to give you some punishment ... I expect you to write me a written apology, from the heart. You think you're the only tough guy from New York City?"

Wu Tang Clan recently announced that they had sold a one-of-a-kind album to Shkreli in December, with the news only coming to light after Shkreli made headlines.

Shkreli reportedly paid $2m for the one-and-only copy of the Clan's album, entitled "Once Upon a Time in Shaolin."

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Martin Shkreli has been dubbed the internet’s most hated man after raising the price of an HIV drug by 5000%.

The 32-year-old former head of Turing Pharmaceuticals has spent time last year using Twitter to boast of his wealth and infuriate his followers with messages describing himself as “the world’s most eligible bachelor” and bragging about receiving “50-100 date solicitations a day”.

The internet scorn reached new levels when it was revealed in December that Shkreli was the mysterious buyer Wu-Tang Clan album.

Shkreli was sacked from his post at KalosBios Pharmaceuticals and following his arrest, he resigned from his role at Turing and was released on $5 million bail – the terms of which mean he cannot leave the state of New York.

Unable to travel, Shkreli returned to spending most of his time on social media talking about his favourite subject: himself.

Within a day of his arrest Shkreli was regularly spending hours live-streaming mundane aspects of his life on YouTube and posting tweets defending his business practices.

Belfast Telegraph