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Eugene

(61,881 posts)
Wed Jan 9, 2019, 04:32 PM Jan 2019

Former Insys CEO pleads guilty to opioid kickback scheme

Source: Reuters

BOSTON (Reuters) - The former chief executive of Insys Therapeutics Inc pleaded guilty on Wednesday to engaging in a scheme to bribe doctors to prescribe an addictive opioid medication and has agreed to become a government witness.

Michael Babich, who resigned as the Arizona-based drugmaker’s CEO in 2015, pleaded guilty in Boston federal court to conspiracy and mail fraud charges after entering into a cooperation deal with prosecutors.

His plea comes weeks before five former Insys executives and managers including John Kapoor, the company’s founder and former chairman, are scheduled to face trial over what prosecutors said was their roles in the wide-ranging scheme.

Babich, 42, faces up to 25 years in prison. But the Arizona resident could receive a more lenient sentence by testifying at Kapoor’s Jan. 28 trial.

-snip-

BUSINESS NEWS JANUARY 9, 2019 / 6:05 AM / UPDATED 16 MINUTES AGO
Nate Raymond
3 MIN READ


Read more: https://www.reuters.com/article/us-insys-opioids/former-insys-ceo-pleads-guilty-to-opioid-kickback-scheme-idUSKCN1P312L

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Former Insys CEO pleads guilty to opioid kickback scheme (Original Post) Eugene Jan 2019 OP
I want to see these "executives"... SergeStorms Jan 2019 #1
I want them in an old-fashioned breaking-up-big-rocks-into-little-ones kind of prison. Staph Jan 2019 #2
They are worse.. SallyHemmings Jan 2019 #4
Whe you arrest these 77 year old crooks like Kappor they got to laughing. Scruffy1 Jan 2019 #3
Drugs are coming over the border...NO, most are from greedy asses BigmanPigman Jan 2019 #5
Link to the Boston Globe nitpicker Jan 2019 #6

SergeStorms

(19,199 posts)
1. I want to see these "executives"...
Wed Jan 9, 2019, 04:42 PM
Jan 2019

who perpetrated this heinous act on the American people to go to fricking jail! and not one of those country club/club med "detention camps" they usually send them to. I'm so sick of these criminal bastards skating away from their crimes. They're no better than El Chapo in the scope and seriousness of ruining American lives and families.

Staph

(6,251 posts)
2. I want them in an old-fashioned breaking-up-big-rocks-into-little-ones kind of prison.
Wed Jan 9, 2019, 05:11 PM
Jan 2019

Surrounded by folks put there because they got hooked on prescription drugs!


Scruffy1

(3,256 posts)
3. Whe you arrest these 77 year old crooks like Kappor they got to laughing.
Wed Jan 9, 2019, 07:39 PM
Jan 2019

People don't suddenly become criminals as a rule. He probably got away with it for years and years and by the time the courts and lawyers are done they have one foot in the grave anyway.

BigmanPigman

(51,590 posts)
5. Drugs are coming over the border...NO, most are from greedy asses
Wed Jan 9, 2019, 08:58 PM
Jan 2019

who do it constantly. Our corrupt system of govt and lobbyists as well as criminal doctors and big Pharma are killing us with known highly addictive drugs and are making them available to everyone. Warren gets my vote to stop this crappy system of corruption that is killing and robbing Americans more than illegal drugs coming into the US from other countries.

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