Articles of Interest

Sacklers Transferred $1B From Pharma Accounts To Themselves

Blood Money Safe in Switzerland –

September 13, 2019 – “Records from one financial institution alone have shown approximately $1 billion in wire transfers between the Sacklers, entities they control, and different financial institutions, including those that have funneled funds into Swiss bank accounts,” she added. The filing comes after nearly two dozen states and 2,300 local governments reached a tentative settlement with Purdue Pharma to resolve thousands of lawsuits alleging that the company helped fuel the opioid crisis. New York and others states rejected the settlement. James has been critical of the settlement, calling the deal “an insult.”

The court filing highlights the activities of Mortimer D.A. Sackler, a former Purdue board member. It alleges that Sackler transferred millions of dollars from trust companies, at least one of which was previously unknown, through Swiss bank accounts to himself as early as 2009. Some of the funds were directed to real estate companies that owned Sackler family homes in Manhattan and the Hamptons, the filings said.

Full Story @ NPR.org

Leonard Buschel

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Leonard Buschel

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