Biography/Memoir

In emails, Sacklers fret over wealth, opioid business

According to Forbes, the Sackler family made $12 billion to $13 billion in profit from OxyContin manufacturer Purdue Pharma—much more than what was previously known, according to the Wall Street Journal, citing court records. On Wednesday [10/21/2020], Sackler family members associated with Purdue agreed to pay a $225 million penalty to resolve a Justice Department civil probe alleging they caused false claims for OxyContin to be submitted to federal healthcare programs. They were not criminally charged… Still, in settlement papers, prosecutors called some of the money movements “fraudulent transfers.”

[Sackler]… told them an investment banker had once told him that his family “is already rich, the one thing you don’t want to do is to become poor.” David Sackler responded the same day: “[W]hat do you think is going on in all of these courtrooms right now? We’re rich? For how long? Until which suits get through to the family?”

Original Article (Reuters, Forbes, and Wall Street Journal):
In emails, Sacklers fret over wealth, opiod business, The Sacklers made more than $12 Billion in profit from oxyContin maker purdue pharma, new report says, Sacklers received as much as $13 billion in profits from purdue pharma
Artwork Fair Use: Public Domain

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