Close X
Wednesday, January 15, 2025
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

    Canada Asks Taliban To Free Couple Held For 4 Years In Afghanistan

    Canada Asks Taliban To Free Couple Held For 4 Years In Afghanistan
    Canada called Monday for the unconditional release of a Canadian man and his American wife after a new video appeared to show them begging their governments to intervene on their behalf with their Afghan captors.

    Canada Asks Taliban To Free Couple Held For 4 Years In Afghanistan

    Islamic State Claims Responsibility For Jordan Attack That Killed Canadian

    Islamic State Claims Responsibility For Jordan Attack That Killed Canadian
    AMMAN, Jordan — The extremist Islamic State group claimed responsibility Tuesday for a series of shooting attacks on police and tourists in Jordan that killed 10 people, including a woman from Canada.

    Islamic State Claims Responsibility For Jordan Attack That Killed Canadian

    Raheel Sharif Helped Me Leave Pakistan, Says Pervez Musharraf

    Former Pakistan President Pervez Musharraf has said Pakistan army's ex- chief General Raheel Sharif's intervention helped him in exiting Pakistan, indicating the powerful influence wielded by the military in the country's affairs.

    Raheel Sharif Helped Me Leave Pakistan, Says Pervez Musharraf

    ISIS Offers $1 Million For Head Of Kurdish Woman Who Fought Them In Syria, Iraq

    ISIS Offers $1 Million For Head Of Kurdish Woman Who Fought Them In Syria, Iraq
    ISIS has offered a $1 million reward for the killing of a Kurdish-Danish woman who dropped out of university in 2014 to fight the terror group in Syria and Iraq. 

    ISIS Offers $1 Million For Head Of Kurdish Woman Who Fought Them In Syria, Iraq

    'Grave Concerns' About Donald Trump's Mental Stability: Harvard Doctors

    'Grave Concerns' About Donald Trump's Mental Stability: Harvard Doctors
    "We are writing to express our grave concern regarding the mental stability of our President-elect," the letter published by the Huffington Post read.

    'Grave Concerns' About Donald Trump's Mental Stability: Harvard Doctors

    Indian-Origin Tycoon To Rescue UK's Last Aluminium Smelter

    Indian-Origin Tycoon To Rescue UK's Last Aluminium Smelter
    Indian-origin metal tycoon Sanjeev Gupta today said he will invest a whopping 120 million pounds in Britain's last aluminium smelter as part of a deal to rescue the site and safeguard hundreds of jobs.

    Indian-Origin Tycoon To Rescue UK's Last Aluminium Smelter