by Tyler Durden, ZeroHedge
Millions of Americans who lived through the financial crisis probably recall that not a single executive of a major investment bank was jailed in the aftermath, despite running organizations seemingly dedicated to perpetuating a criminal fraud on nearly every counterparty and client.
But when Americans look back at the opioid crisis, they’ll remember that at least one executive of a major opioid manufacturer and distributor was sentenced to a fairly weighty sentence — five-and-a-half years (66 months) in federal prison — for an illegal kickback scheme that effectively involved bribing doctors to prescribe potentially lethal doses of fentanyl. That’s right: Packaged under the name brand Subsys, Insys sold a painkiller made from the same ultra-powerful synthetic opioid responsible for tens of thousands of deaths across America.
According to the FT, which, in partnership with PBS’s Frontline, is producing a documentary on the opioid crisis, John Kapoor, the founder of Insys, was sentenced to prison time on recenlty after being prosecuted under the RICO act — a law adopted decades ago to help the DoJ prosecute the mafia.
Kapoor joins seven other Insys executives who have already received jail time for their role in the company’s illegal shenanigans, which included use of “ruthless” sales tactics to encourage doctors to prescribe more of their drug. Several doctors who took money from the company in exchange for kickbacks transparently disguised as speaking fees are also either being prosecuted, or have already been sentenced to jail time.
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