Sacklers transferred $1 billion as scrutiny from opioid crisis grew: New York AG

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Sacklers transferred $1 billion as scrutiny from opioid crisis grew: New York AG
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Sacklers transferred $1 billion as scrutiny from opioid crisis grew: New York AG.

The New York attorney general's office, as part of an ongoing case against Purdue Pharma and some members of the Sackler family, said in court filings on Friday it's discovered approximately $1 billion the family may have been trying to hide from parties suing them over the opioid crisis.

"The limited number of documents provided to us so far underscore the necessity for compliance with every subpoena," James added."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."

The company said earlier this week it had reached a tentative settlement with thousands of local governments and more than 20 states to pay $3 billion up front and then more from the sale of Mundipharma, a sister company of Purdue Pharma also owned by the Sacklers.

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