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

Take Your Favorite Kids To a Playground This Weekend

Bullitt Mustang Auction

Free Convertible Teslas (Tesla Model 3 crashes into overturned truck on highway)

Armed Patriots patrol Coeur d’Alene

How to fight back against antifa rioters without using violence

CNN: White Children ‘Don’t Deserve Innocence’

Joel Osteen Joins Paula White, Tony Evans And Other High-Level Laodicean Church Hirelings To March In Solidarity With Black Lives Matter

David Dees, CT artist, 1957-2020


Leftist rioters coming for you

11 "Modern Antiques" Kids Today Have Never Seen

Tucker Carlson: This Is How Nations Collapse (a long but worthy read)

The Truth About Police Violence and Race

NBA announcer Grant Napear fired over ‘All Lives Matter’ comment


'He Did Not Pray': Fallout Grows From Trump's Photo-Op At St. John's Church

The Bible according to Pelosi

Israeli scientists dig up cannabis traces in ancient temple

The Epitome of Rioting Irony and Ignorance in One Tweet

George Floyd Endgame: Martial Law and a Police State

(Martial Law) “Light Em Up!” Minneapolis PD and National Guard Do A Street Sweep During Curfew

Salt Lake City cops shove down an elderly man with a cane for moving too slowly

They call him Martin Looter Kang (Looters loot from other looters to get more loot)

White People, Portland Cops Take a Knee to Ask Forgiveness For “Racism”

The Virtue of the Fear Mask

Trump deploys US military to restore order in Washington, DC & says he'll do the same EVERYWHERE if local govts fail

Is It One Gigantic Psy-Op? George Floyd’s Coroner Was Also Jeffrey Epstein’s

It Don’t Make Any Damn Sense (Must Watch)

Minneapolis Rioters Attack Tanker Truck, Rip Driver Out and Beat Him, Driver arrested

New York woman attacked outside business in disturbing video as looting, rioting grip Rochester, report says

Minneapolis Police will fine, cite looters

The Pandemic Is the Right Time to Defund the Police

Teen rushed to hospital with hammer stuck in head after random attack

The Incredible Story of the US Army's Earth-Shaking, Off-Road Land Trains


Fear and Uncertainty: The Modern-Day Cult of Corona.

Watch SpaceX Falcon 9 and Dragon rocket launch

China reveals plan for ‘Heavenly Palace’ space station to rival ISS

‘Rich Mitch’ Gets Scorched In GOP Ad

THE ENEMY WITHIN: Ilhan Omar’s CUNT of a Daughter Retweets List Of “Supplies” Needed For Minneapolis Riot

According to Attorney the DNI Allegedly Has Call Records Between Seth Rich and WikiLeaks – It’s Now Presumed Brennan’s CIA Was More Involved Than We Thought

Power Freaks Losing Control As Public Laughs At Coronavirus Lockdowns

A Women Gets Her Contact Tracer Certificates and Tells All

Why You Might Rent Yourself A Mustang This Weekend

Minneapolis Riots Are a Reminder that Police Don't Protect You or Your Property

Arkansas Can't Secure Financial Assistance Site So Governor Asa Hutchinson Decides To Call The Person Discovering The Breach A Criminal

NBC Bans Reporters From Using The Word ‘Riot’ In Coverage Of Minnesota Riots

Police Investigate 7-Year-Old’s Toy Gun After Zoom Call

Rioters ATTACK CNN headquarters in Atlanta – burn police car as unrest continues

Minneapolis is Burning – Soros Paid Antifa Gangs Involved

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: 77
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