The company, according to the agreement, will plead guilty to fraud and violations of the federal kickback laws. The criminal charges do not, however, absolve the company's owners, the Sackler family, of future criminal liability, federal authorities said.
The settlement comes less than two weeks before a presidential election where the opioid epidemic has taken a political back seat to the coronavirus pandemic and other issues. But the deal does give President Donald Trump’s administration an example of action on the addiction crisis, which he promised early in his term.
Purdue had been representing to the DEA that it had “robust controls” to avoid opioid diversion but instead had been “disregarding red flags their own systems were sending up,” authorities said. Purdue will make a direct payment to the government of $225 million, which is part of a larger $2 billion criminal forfeiture. In addition to that forfeiture, Purdue also faces a $3.54 billion criminal fine, though that money probably will not be fully collected because it will be taken through a bankruptcy, which includes a large number of other creditors. Purdue will also agree to $2.8 billion in damages to resolve its civil liability.
Unless someone goes to jail it’s just the cost of doing business
The timing on this is suspect. They plead guilty and pay $8b then write it off in taxes as a loss. No one loses right, the cycle of financial crimes continue. Oh yeah it’s an election year someone is getting paid for sure. Just guessing.
And nobody goes to jail......
Nice SHIT ! ! And nearly half a million people are worth $8B ? ! ? Come out to about $1700 for each death, which today won't even put them in the ground ! ! NICE ! !
Will any of that money be used to provide support and healthcare for the people who were affected and the families of those who died? Or will it just be pocketed by the government and spent on continuing to lock addicts up instead?
Not nearly enough money to cover damages done by Oxy’s.
Do you trust big pharma with a vaccine?
Who gets the $ tho , does it go into drug rehab facilities across the country or into someone else's crooked pocket
Who's going to jail? I don't care about fines, they'll just be passed on to customers/patients in the form of higher prices. I want to know how many executives were charged with murder for profit.
I personally have NEVER heard trump talk about the opioid crisis. I know he ran on that promise in 2016, but what has the vile man actually done to fix the problem. Hell, trump is probably addicted to the pills himself. lol
1 PILL = A DIME OF HARD
At last, extreme criminal negligence
Who is serving prison time
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