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> On Tuesday, Purdue pleaded guilty to criminal charges, including defrauding federal health agencies and paying illegal kickbacks to doctors. The company also
by guptaneil 6y ago
> On Tuesday, Purdue pleaded guilty to criminal charges, including defrauding federal health agencies and paying illegal kickbacks to doctors. The company also faces roughly $8.3 billion in penalties. As part of the settlement, members of the Sackler family will pay $225 million in civil penalties.
They made over $12 billion in profit as of last year[0], so they still came out ahead...
0: https://www.forbes.com/sites/rachelsandler/2019/10/04/the-sacklers-made-12-to-13-billion-in-profit-from-oxycontin-maker-purdue-pharma-new-report-says/ https://www.forbes.com/sites/rachelsandler/2019/10/04/the-sa...
- smabie 6y agoYou're saying they made 12bn dollars that they would not have if they didn't do all of this stuff? I kind of doubt it. I'm not expert on Purdue Parma, but I'm guessing this whole escapade will be EV negative for them.
- david38 6y agoHe said they made $12b profit quite clearly. He didn’t say they made $12b in illegal profits. Why would you try twisting his words like that?