Billionaire John Kapoor of Insys Therapeutics Arrested in Phoenix on Opioid Charges
John Kapoor, the billionaire founder of an Arizona pharmaceutical company, was arrested today in Phoenix like a drug-cartel boss and charged with illegal opioid distribution.
His arrest by the FBI and indictment on a raft of bribery and fraud charges came a few hours before President Donald Trump made a major announcement in the fight against opioids, which have been responsible for tens of thousands of deaths in the past couple of years alone.
The feds accuse Kapoor, 74, and several top executives of the Chandler-based Insys Therapeutics with a conspiracy scheme that has helped lead the country into its epic opioid problem. Arizona Attorney General Mark Brnovich sued the company last month following an investigation into Insys' alleged, fraudulent fentanyl-pushing scheme. The federal case is being handled by the Massachusetts U.S. District Attorney's Office.
"Mr. Kapoor was taken into custody without incident at his home in Phoenix," said Boston FBI spokeswoman Kristen Setera.
Read more: http://www.phoenixnewtimes.com/news/billionaire-john-kapoor-of-insys-therapeutics-arrested-in-phoenix-on-opioid-charges-9813260
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