, which owns the OxyContin factory formally known as Purdue Pharma, seems to be following some sort of instructional manual for soap opera villains and appears to have progressed past the “build a dru
g empire” and onto the “hide money in Swiss bank accounts” stage., the New York attorney general’s office announced on Friday that they had uncovered around $1 billion of Oxy money stashed in Switzerland. The news comes at a pretty opportune time for those who just finished suing the Sacklers.
“While the Sacklers continue to lowball victims and skirt a responsible settlement, we refuse to allow the family to misuse the courts in an effort to shield their financial misconduct,” James said in a statement. “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.
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New York authorities discovered $1 billion in wire transfers by the Sackler family as authorities suspect they are hiding wealth from lawsuitsThe family has been accused of helping ignite America's opioid crisis as sales of OxyContin helped the family build a $13 billion fortune.
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New York attorney general exposes $1 billion in wire transfers by Sackler familyAuthorities have identified about $1 billion in wire transfers between the Sackler family, who are the owners of pharmaceutical giant Purdue Pharma, the entities they control and different financial institutions, NY Attorney General Letitia James said
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Sacklers funneled money from Purdue through Swiss banks, New York allegesThe family that owns OxyContin maker Purdue Pharma used Swiss bank accounts to conceal the transfer of millions of dollars from the company to themselves, New York state's attorney general contends.
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