![]() | OxyContin maker Purdue Pharma used Swiss and other hidden accounts to transfer $1b to themselves, New York's attorney general alleges. The family transferred millions to Mortimer D.A. Sackler, a former member of Purdue's board and a son of one of its founders. The previously unknown wire transfers were among family members, entities they control and financial institutions. | ![]() The filing, made in a New York court, follows Purdue threatening to declare bankruptcy. |
![]() | The transfers bolster allegations that the Sacklers worked to shield their wealth from legal threats as they flooded U.S. communities with prescription painkillers. Authorities claim more than $4b was drained from the company over the past dozen years. The family used a complex chain of companies and trusts to control their holdings, some located in offshore tax havens. The Sacklers had an estimated net worth of $13 billion as of 2016, making them America's 19th-richest family. |