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Billionaire U.S. drug-company owner bribed doctors to overprescribe opioids solely for profit

John Kapoor a Drug Company billionaire was arrested recently on charges of conspiracy fraud and racketeering. The court says that he was involved in bribing the doctors all around the USA for sake of over-prescribing the opioid painkiller. All this is alleged to be planned amid drug epidemic that is claiming thousands of lives each year. Trump recently declared the opioid crisis a nationwide public health problem and emergency.

It is worth mentioning that the guy got arrested the same day when president Donald Trump declared opioid crisis to be real. John Kapoor and the company’s former CEO along with other managers are alleged to provide kickbacks to the doctors in order to prescribe a potent opioid called Subsys. This particular drug is commonly prescribed to the patients who are suffering from cancer and are bearing a severe pain. Now the guys behind Subsys forced the doctors to prescribe the same drug even to the non sufferers of cancer. They tricked the insurance companies who were quite reluctant to approve payment for the drug when it got prescribed for patients without cancer.

U.S. prosecutors in Boston brought forward the case because they think that the over prescription of a particular drug falls in the same category of the street crime such as distribution of street level drugs.

In the midst of a nationwide opioid epidemic that has reached crisis proportions, Mr. Kapoor and his company stand accused of bribing doctors to overprescribe a potent opioid and committing fraud on insurance companies solely for profit.” said Acting U.S. Attorney William D. Weinreb in Boston.

John Kapoor escorted out of U.S. district court

John Kapoor escorted out of U.S. district court

The judge of the US district court set the Bale of Mr. Kapoor at Dollar 1 million and I also ordered that he must wear electronic monitoring and should surrender all is passports. Mr John Kapoor is an Indian American based citizen. The attorney of John Kapoor told the court that his client is not guilty of these charges. He declared that they will fight vigorously in order to prove him innocent. Brian T. Kelly is a high-profile Boston lawyer and former federal prosecutor. Kapoor had come to USA in order to complete his PhD degree in medicinal chemistry. Today he stands in one of the richest person in the world and is also measured in Forbes.

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