Friday, March 29, 2024
ADVT 
International

Indian-American Billionaire John Kapoor Charged With Leading Opioid Fraud Scheme In US

IANS, 27 Oct, 2017 01:49 PM
    An Indian American billionaire was arrested and charged for illegally marketing opioid, a media report said
     
    John Kapoor, the 74-year-old entrepreneur was arrested on Thursday and is scheduled to appear in a federal court in Phoenix on Friday, reports The American Bazaar.
     
    "The founder and majority owner of Insys Therapeutics Inc., was arrested today and charged with leading a nationwide conspiracy to profit by using bribes and fraud to cause the illegal distribution of a Fentanyl spray intended for cancer patients experiencing breakthrough pain," the Department of Justice said in a statement.
     
    The charges also include allegations against other Insys executives and managers who were indicted in December 2016.
     
    "In the midst of a nationwide opioid epidemic that has reached crisis proportions, Kapoor and his company stand accused of bribing doctors to overprescribe a potent opioid and committing fraud on insurance companies solely for profit," said Acting United States Attorney William D. Weinreb. 
     
    "Today's arrest and charges reflect our ongoing efforts to attack the opioid crisis from all angles. We must hold the industry and its leadership accountable - just as we would the cartels or a street-level drug dealer."
     
    The statement said the Federal Bureau of Investigation will thoroughly investigate such business practices that ignore a patient's safety to drive up profits.
     
    A graduate from the University of Mumbai, Kapoor received his PhD in Medicinal Chemistry from the State University of New York at Buffalo.

    MORE International ARTICLES

    Amritsar-Born US Billionaire Arrested On Racketeering Charges

    Amritsar-Born US Billionaire Arrested On Racketeering Charges
    John Kapoor is the founder and former CEO of the pharmaceutical company Insys Therapeutics

    Amritsar-Born US Billionaire Arrested On Racketeering Charges

    Truck Drivers Deny Causing Road Crash Deaths Of 8 Indians In UK

    Truck Drivers Deny Causing Road Crash Deaths Of 8 Indians In UK
    Two truck drivers charged with causing the deaths of eight Indians due to dangerous driving on a UK highway in August denied the allegations in court on Friday and will now stand trial on the charges.

    Truck Drivers Deny Causing Road Crash Deaths Of 8 Indians In UK

    Indian-Origin Radio Host Sunil Thakker Pleads Guilty To Sexually Harassing US Teenager

    Indian-Origin Radio Host Sunil Thakker Pleads Guilty To Sexually Harassing US Teenager
    As part of a plea deal, Sunil Thakker, 51, of Masala Radio station is prohibited from coming into contact with teenage girls under 17.

    Indian-Origin Radio Host Sunil Thakker Pleads Guilty To Sexually Harassing US Teenager

    Sushma Swaraj Asks For Probe Into Adoption Of 3-Year-Old Killed In US

    External Affairs Minister Sushma Swarajon Friday sought a thorough probe into adoption process of the three-year-old Indian American girl Sherin Mathews who has died in Texas,

    Sushma Swaraj Asks For Probe Into Adoption Of 3-Year-Old Killed In US

    'Sherin Mathews Was Adjusting, But Had Eating Issues', India Was Told

    The social worker who visited Sherin Mathews' family for follow-ups recommended "webinars and other resource for feeding issues in adopted children that may be helpful in developing different strategies for Sherin Mathews.

    'Sherin Mathews Was Adjusting, But Had Eating Issues', India Was Told

    Outspoken Pakistani Journalist Ahmad Noorani Attacked

    Outspoken Pakistani Journalist Ahmad Noorani Attacked
    Pakistan is among the most dangerous countries in the world for journalism, France-based watchdog Reporters Without Borders (RSF) said in its annual press freedom report in May.

    Outspoken Pakistani Journalist Ahmad Noorani Attacked

    PrevNext