Difference between revisions of "John Kapoor"
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| − | '''John Kapoor''' is the US [[billionaire]] founder of [[Insys Therapeutics]]. As of 2017, he was a majority owner of the company. In October 2017 he was arrested along with 5 other people for [[fraud]] and [[racketeering]].<ref>http://www.washingtontimes.com/news/2017/oct/26/justice-department-indicts-pharmaceutical-ceo-opio/</ref> | + | '''John Kapoor''' is the US former [[billionaire]] founder of [[Insys Therapeutics]]. As of 2017, he was a majority owner of the company. In October 2017 he was arrested along with 5 other people for [[fraud]] and [[racketeering]].<ref>http://www.washingtontimes.com/news/2017/oct/26/justice-department-indicts-pharmaceutical-ceo-opio/</ref> |
==Arrest== | ==Arrest== | ||
He was charged in 2017 by the [[US DOJ]] with [[racketeering]] and [[fraud]], along with six former executives at Insys. He allegedly paid doctors and pain clinics in various states to write “large numbers of prescriptions” and using bribes and other illegal means to get health insurance providers to cover the prescriptions.<ref>https://arstechnica.com/tech-policy/2017/10/doj-billionaire-pharma-owner-fueled-the-opioid-epidemic-with-bribery-scheme/</ref> | He was charged in 2017 by the [[US DOJ]] with [[racketeering]] and [[fraud]], along with six former executives at Insys. He allegedly paid doctors and pain clinics in various states to write “large numbers of prescriptions” and using bribes and other illegal means to get health insurance providers to cover the prescriptions.<ref>https://arstechnica.com/tech-policy/2017/10/doj-billionaire-pharma-owner-fueled-the-opioid-epidemic-with-bribery-scheme/</ref> | ||
Latest revision as of 11:54, 13 January 2020
 John Kapoor     (billionaire, businessman) | |
|---|---|
 | |
| Born | John Nath Kapoor 1942 Amritsar, India |
| Nationality | Indian, American |
| Alma mater | Institute of Chemical Technology, SUNY Buffalo |
| Children | 4 |
| Spouse | Editha Kapoor |
| Founder of | Insys Therapeutics |
US billionaire found guilty of bribing doctors to prescribe opioids. | |
John Kapoor is the US former billionaire founder of Insys Therapeutics. As of 2017, he was a majority owner of the company. In October 2017 he was arrested along with 5 other people for fraud and racketeering.[1]
Arrest
He was charged in 2017 by the US DOJ with racketeering and fraud, along with six former executives at Insys. He allegedly paid doctors and pain clinics in various states to write “large numbers of prescriptions” and using bribes and other illegal means to get health insurance providers to cover the prescriptions.[2]
He was released on $1M bail, electronically tagged and his passport was taken.[3]
Guilty verdict
"Kapoor, 76, was found guilty of running a wide-ranging scheme to bribe doctors nationwide by retaining them to act as speakers at sham events at restaurants ostensibly meant to educate clinicians about its fentanyl spray, Subsys."[4]
References
- ↑ http://www.washingtontimes.com/news/2017/oct/26/justice-department-indicts-pharmaceutical-ceo-opio/
- ↑ https://arstechnica.com/tech-policy/2017/10/doj-billionaire-pharma-owner-fueled-the-opioid-epidemic-with-bribery-scheme/
- ↑ https://www.cbsnews.com/news/drug-company-founder-john-kapoor-arrested-for-alleged-opioid-scheme/
- ↑ https://www.reuters.com/article/us-insys-opioids/founder-execs-of-drug-company-guilty-in-conspiracy-that-fed-opioid-crisis-idUSKCN1S81VB
