The billionaire founder of Insys Therapeutics was arrested on Thursday on federal charges that he participated in a scheme to bribe doctors to prescribe a fentanyl-based painkiller intended for cancer patients.
John Kapoor, the Insys founder, was charged with engaging in conspiracies to commit racketeering, mail fraud and wire fraud in an indictment filed in Federal District Court in Boston. He was arrested in Arizona, where Insys is based, and added as a defendant in a case that was previously filed against six former Insys executives and managers, including Michael Babich, the former chief executive, prosecutors said.
The charges escalate the continuing inquiries into Insys related to Subsys, an under-the-tongue spray that contains fentanyl, a highly addictive synthetic opioid. They came as President Trump declared the country’s opioid problem a public health crisis.
William D. Weinreb, the acting United States attorney for the District of Massachusetts, said the charges reflected a commitment on the part of authorities to combat the opioid-abuse epidemic. Opioids drugs were involved in more than 33,000 deaths in 2015, according to the Centers for Disease Control and Prevention.
“We must hold the industry and its leadership accountable, just as we would the cartels or a street-level drug dealer,” Mr. Weinreb said in a statement.
So a pharma executive got busted like the dope dealer that he is.
Now, how about going after Dimon, Blankfein, and the rest of those evil f%$#s?