John Kapoor

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Person.png John Kapoor   ZoominfoRdf-entity.pngRdf-icon.png
(businessman)
John Kapoor.jpg
Founder ofInsys Therapeutics

John Kapoor is the US billionaire founder of Insys Therapeutics. As of 2017, he was a majority owner of the company. He was arrested for fraud and racketeering in 2017.[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]

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References

  1. ↑ http://www.washingtontimes.com/news/2017/oct/26/justice-department-indicts-pharmaceutical-ceo-opio/
  2. ↑ https://arstechnica.com/tech-policy/2017/10/doj-billionaire-pharma-owner-fueled-the-opioid-epidemic-with-bribery-scheme/
  3. ↑ https://www.cbsnews.com/news/drug-company-founder-john-kapoor-arrested-for-alleged-opioid-scheme/
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