Pharma Billionaire Arrested On Charges of Bribing Doctors to Prescribe Opioid Painkillers

[pepperbear]

http://fortune.com/2017/10/26/john-kapoor-insys-therapeutics-arrested-net-worth/

[democratisphere]

1. Billionaire pusher.

Only in America.

[TheDebbieDee]

2. Maybe Pres Trump should give THIS guy the death penalty!

[american_ideals]

3. From Oct 2017. Update: doc sentenced. Kapoor pending trial

Doc sentenced to four years in prison in this case, just yesterday
https://www.usnews.com/news/us/articles/2018-03-09/rhode-island-doctor-in-insys-opioid-kickback-probe-faces-sentencing

The billionaires trial is pending. He pled not guilty.

This is a very very important case. It is really good the govt is going after the CEO with criminal charges. This kind of corruption goes on all the time and it’s good DOJ is using criminal charges to go after white collar corruption.

[nitpicker]

6. Link to the DoJ PR

https://www.justice.gov/usao-ri/pr/doctor-sentenced-healthcare-fraud-accepting-kickbacks-prescribe-highly-addictive-version

[toddwv]

4. How long before he's pardoned?

[Progressive dog]

5. I want to see scum like that

charged with murder or at least multiple counts of criminal negligence. There must be a lot of deaths to choose from.

[nolabels]

7. It's not too hard to put two and two together in figuring it out

a clip from the OP's link

Insys’ stock closed down nearly 23% following the news of Kapoor’s arrest, pushing the company’s valuation down to $417 million. It was a stunning retreat, considering the company was valued at over $19 billion as recently as 2015, when concerns about the company’s practices were first raised.

A portfolio loss in value from $19 billion to $417 million can make for a lot of gear turning. Just think of all those funky people that you see come into the doctor's office lobbying for your doctor to prescribe this or that to you. It makes me queasy thinking about what's really behind that prescription pad

[malaise]

8. It's an old article but I hope he gets several decades in prison

Every single doctor should lose her/his license and also be locked up.

[Hortensis]

9. A fourth involved physician was just sentenced to 4 years

in prison.

Fortune: Jerrold Rosenberg, who lost his medical license and was ousted from his post as a Brown University professor, pleaded guilty to taking more than $188,000 in kickbacks disguised as speaker fees and creating false patient records to dupe insurers into covering Insys’s Subsys pain medication.

“You in effect sold your medical license to a pharmaceutical company,” U.S. District Judge John J. McConnell Jr. said Friday in federal court. “That’s intolerable.” The judge sentenced him to 51 months and ordered restitution of $754,000.

Rosenberg is the fourth doctor jailed over Insys bribes following a federal probe that resulted in the indictment of billionaire founder and Chief Executive Officer John Kapoor and six other executives. The group was charged with orchestrating an elaborate scheme to bribe doctors and defraud health-care providers.

Billion John Kapoor and 6 of his executives go to trial in 2019. They've all pleaded not guilty, but the federal case is very strong, and these 4 successful prosecutions, so far, are also not good prognosticators for them.