Tuesday, July 13, 2021

Purdue Pharma Sackler family - Oxy Cartel

After playing a role in the opioid overdose deaths of more than 400,000 Americans, Purdue Pharma’s Sackler family is about to cut a big cheque and walk away. To settle about 3,000 lawsuits involving more than 600,000 claimants, the Sacklers will pay $4.5b over a decade.
The Sacklers won't hold an interest in the 'new' Purdue Pharma but will walk away without jail time, despite being one of the largest and most profitable illicit drug dealers in history. The Sackler family members are collectively worth some $11b.
The Sacklers flooded North America 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 in 2016, making them America's 19th-richest family.