[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Mail]  [Sign-in]  [Setup]  [Help]  [Register] 

Neil DeGrasse Tyson Dismisses and Mocks Bible Account of Creation From Genesis-to-Revelation; (Laughs at Believers in Literal Bible as "Un-enlightened")

ABC News ‘slaughter in Syria’ footage appears to come from a Kentucky gun range

Census Bureau seeks state data, including citizenship info

Latest list of those allegedly targeted for illegal monitoring by ousted Obama holdover Amb to Ukraine

Fort Worth police officer fatally shoots woman in her home while checking on an open front door

Cop Stands Up to Bully Officers for Harassing Him, Gets Beaten, Arrested and Fired

Siblings Outraged by Their Brother's Fatal Shooting Dismiss the Fact That He was an Armed Robber - "Oh Well!"

U.S. Mint to redesign gold and silver American Eagles, implement security devices - Mnuchin chips the bird

"Abuse By The Police" Documentary Allows Victims Of Rape By Cops Who Got Away Scot Free To Speak Out

James OÂ’Keefe announces 'This may be the biggest story Project Veritas has ever broke' [CNN]

ELECTORAL COLLEGE OVERWHELMINGLY FAVORS REPUBLICANS, ABOLISHING ENTIRE SYSTEM ONLY REMEDY: STUDY

Rand Paul: Democrats Need to be Investigated Over Ukraine

Winnie the Pooh warns attempts to divide China will end in 'shattered bones'

A bunch of democratic faggot and tranvestite loving freaks from hell

Bill Barr Flames ‘Unremitting Assault’ On Religion, Traditional Values During Notre Dame Visit

Hunter Biden Steps Down From Chinese Board in Bid to fight.

AGW Hut! Hut! Huts! Woman Over Hot Dog

The NBA's China Problem Gets Worse After 2 American Arenas Eject Hong Kong Supporters

Jackie Brown star Robert Forster dies aged 78

A Latina novelist spoke about white privilege. Students burned her book in response.

Trump speaks to media during meeting with Chinese officials (Phase 1 trade treaty agreed to)

'Deeply harmful: Democrats fear O’Rourke will aid Trump by calling for seizing guns and taxing churches

Shepard Smith Stepping Down From Fox News

Orators of the Democrat Party

(WHOA!) Trump on Joe Biden at Rally, "He understood how to kiss Barack Obama's *ss".

Biden: ‘We Allow The Homophobes’ To Control The Agenda

SCARRED FOR LIFE: Post-Op Transgenders Start Movement to Encourage People to ‘Detransition’

President Trump is a Choir Boy Compared to Other Recent Presidents

With Request to Testify via Letter, Fake Whistleblower Achieves Peak Absurdity

More People Killed by Knives Than by Rifles, Shotguns, But Handguns Used in Most Murders

"It Drove Like A Drunk-Driver": Consumer Reports Eviscerates Tesla's Smart-Summon Feature

Does Corporate America Really Want to Hold a National Referendum on Whether Americans Value Their Own Freedoms or Corporate Freedom to Import Chinese Censorship More?

Neil deGrasse Tyson reacts to report of asteroids barreling toward Earth (Suggests asteroid "Deflector" shield like an 'Atari' game to protect Planet from annihilation)

Florida man who claimed self-defense after shooting man over parking spot sentenced

Buckle Up . . . Your Gym Bag

18-Year Old US Soldiers Now Entering Afghanistan 18 Years After War Began

Not-So-Smart Summoning

Why Gilligan’s Island May be the Answer to Police Brutality

NBA Now Requiring All Players To Stand For Chinese National Anthem

Live: President Trump destroying Biden… and signs Executive Orders on transparency

TRUMP RIDS MAJOR U.S. CONTAINER PORT OF CHINESE COMMUNIST CONTROL

About that Fox News POLL...

James Clapper Admits He Was Following Orders From His 'Commander-In-Chief, President Obama'

Tom Cotton to IC IG: Your Evasiveness On Whether You Backdated Changes to the Whistleblower Process Borders on Criminal Obstruction

Complete Guide to the Scandals of the Obama Admin

Maria Bartiromo: IG Report on FISA “Will Be Released October 18th – As Thick as Telephone Book”…

Burisma Paid Joe Biden $900,000 for Lobbying – Ukrainian MP

White House Declares War on Impeachment Inquiry, Claiming Effort to Undo Trump’s Election

American democracy dies in the Democrat’s Deep State Darkness

Toy Box Propaganda


Status: Not Logged In; Sign In

United States News
See other United States News Articles

Title: Oxycontin Maker Files For Bankruptcy After Funneling Billions Into Private Accounts
Source: Truth Theory
URL Source: https://truththeory.com/2019/09/17/ ... illions-into-private-accounts/
Published: Sep 17, 2019
Author: John Vibes
Post Date: 2019-09-18 08:32:58 by Deckard
Keywords: None
Views: 30
Comments: 1

By John Vibes / Truth Theory

The Sacklers, the notorious family that owns Purdue Pharma, the company responsible for the controversial opiate Oxycontin, is accused of transferring $1 billion to offshore accounts, in an attempt to hide their wealth, amid a flurry of lawsuits related to the drug.

The New York’s attorney general filed a complaint last week, citing evidence that the Sackler family made numerous large transfers to various offshore accounts.

Even more money, possibly as much as $4 billion was transferred into domestic accounts in the past several years. This was money that was clearly drained from the company in a panic, but it was not something that they were trying to hide. However, it was a different story with the money transferred to offshore accounts.

The money was reportedly funneled through business accounts into the private accounts of members of the family. There was also a list of shell corporations that the Sacklers used to cover their tracks.

Perdue Pharma has been working to put this issue behind them and come to some sort of settlement, but according to prosecutors and the court of public opinion, the family still has a long way to go before they are able to put this behind them.

“While the Sacklers continue to lowball victims and skirt a responsible settlement, we refuse to allow the family to misuse the courts in an effort to shield their financial misconduct. The limited number of documents provided to us so far underscores the necessity for compliance with every subpoena,” New York Attorney General Letitia James said in a statement about the court filing.

A spokesperson for Mortimer D.A. Sackler said that the recent filing was a “torpedo a mutually beneficial settlement that is supported by so many other states and would result in billions of dollars going to communities and individuals across the country that need help.”

The spokesperson contended that the transfers were “perfectly legal and appropriate in every respect.”

Days after the Sackler family was accused of liquidating their funds, Purdue Pharma filed for Chapter 11 bankruptcy. The company stated that this was a part of their plan in settling the many legal claims against them

“This court-supervised process is intended to, among other things, facilitate an orderly and equitable resolution of all claims against Purdue, while preserving the value of Purdue’s assets for the benefit of those impacted by the opioid crisis,” a statement from the company said.

Steve Miller, Chairman of Purdue’s Board of Directors, says that this move was intended to save money in litigation and ensure that the funds actually get the victims instead of being taken by the courts. The company is promising roughly $10 Billion in settlements to the various states and individuals that they are in litigation with.

“This settlement framework avoids wasting hundreds of millions of dollars and years on protracted litigation, and instead will provide billions of dollars and critical resources to communities across the country trying to cope with the opioid crisis. We will continue to work with state attorneys general and other plaintiff representatives to finalize and implement this agreement as quickly as possible,” Miller said.

Still, many states are promising to fight for additional legal and financial penalties against the Sacklers specifically, not just their corporate entities.

In 2016, Forbes Magazine estimated the Sackler’s net worth at $13 billion, which made them the country’s 19th-richest family at the time. Many people credit the Sackler family as a primary contributor to the opiate crisis in the United States.

(2 images)

Post Comment   Private Reply   Ignore Thread  


TopPage UpFull ThreadPage DownBottom/Latest

#1. To: Deckard (#0)

They're leveraging their deliberate bankruptcy so they can lowball the people and states suing them, hoping for a lower settlement so they can keep more of their opioid loot and never serve a day in jail.

The feds should throw the book at them, whether any money is ever recovered. Every member of the family should face so many charges that it is life in prison for the entire lot of them. And their funds locked against any further transfers from domestic or overseas accounts.

The feds should make a prime example of these scumbags.

Tooconservative  posted on  2019-09-18   9:04:43 ET  Reply   Trace   Private Reply  


TopPage UpFull ThreadPage DownBottom/Latest

[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Mail]  [Sign-in]  [Setup]  [Help]  [Register] 

Please report web page problems, questions and comments to webmaster@libertysflame.com