John Kapoor
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 John Kapoor     (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 |
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.[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
- ↑ 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/
