New York Attorney General Exposes $1-Billion in Wire Transfers By Sackler Family, Owners of Purdue Pharma, Following a Proposal to Settle

Letitia James, New York Attorney General, Wiki
image_pdfimage_print
Amid accusations that the Sackler family is moving billions of dollars offshore to protect their wealth, authorities have identified about $1-billion in wire transfers between the owners of pharmaceutical giant Purdue Pharma and Swiss banks. The Sacklers and Purdue Pharma, which makes OxyContin, have fought to limit discovery and subpoena action by the attorney general’s office of New York, which has said: “The Sacklers continue to low ball victims and skirt a responsible settlement. We refuse to allow the family to misuse the courts in an effort to shield their financial misconduct.” -GEG

Authorities have identified about $1 billion in wire transfers between the owners of pharmaceutical giant Purdue Pharma, the entities they control and different financial institutions, New York Attorney General Letitia James said Friday.

The discovery of the wire transfers comes as amid growing allegations by New York and other states that the Sackler family is moving billions of dollars offshore to protect their wealth. It also follows news two days ago of a proposed settlement by Purdue Pharma to thousands of states, counties, cities and tribal governments in their ongoing lawsuit accusing the company of fueling the nation’s opioid epidemic.
 
The New York attorney general’s office is trying to determine how much money the Sacklers have amassed and where it is. Details about the wire transfers, including some that authorities say were funneled through Swiss bank accounts, were released as part of a new court filing by Attorney General James in the ongoing lawsuit.
 
“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,” James said in a written statement. “The limited number of documents provided to us so far underscore the necessity for compliance with every subpoena.”
 
Millions of dollars in wire transfers involving Mortimer D.A. Sackler, a former Purdue board member, were mentioned throughout the new document.


Read full article here…

Visit our Classified ads.

Check out our Classified ads at the bottom of this page.

Recent stories & commentary

GEG Commentary

Did George Floyd Die from Asphyxiation or Drug Overdose?

The official county autopsy mentioned that Floyd had a concentration of the drug Fentanyl at three times the lethal level. We hesitated to publish this fact and risk being accused of trying to cover up police brutality, which certainly is not the case. We have a long record of reporting on cases of police brutality when warranted.

Health

Why Social Distancing Is Harmful to Children

July 3, 2020 Leigh Dundas 1

The COVID-19 fatality rate for children is so low that the CDC calculates it at 0.0% for anyone under 19 years of age. Isolation creates depression, lack of sleep, poor cardiovascular function, cognitive decline, and impaired immunity. This is a must-watch.

Freedom

The Origins of Black Neo-Marxism

June 29, 2020 American Thinker 4

“White” in radical parlance means anyone of any race, creed, nationality, color or sex, who embraces capitalism, free markets, limited government, and American traditional culture and values. “The issue is never the issue. The issue is always the revolution.”

Classifieds

For classified advertising rates and terms, click here. The appearance of ads on this site does not signify endorsement by the publisher. We do not attempt to verify the accuracy of statements made therein or vouch for the integrity of advertisers. However, we will investigate complaints from readers and remove any message we find to be misleading or that promotes anything fraudulent, illegal, or unethical.

Subscribe
Notify of
guest
1 Comment
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
trackback
New York Attorney General Exposes $1-Billion in Wire Transfers By Sackler Family, Owners of Purdue Pharma, Following a Proposal to Settle | WeAreChangeTV.US
9 months ago

[…] 16, 2019 CNN No Comments This post was originally published on this […]