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 drugmakers 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 companys 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 Kapoors Jan. 28 trial.
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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
SergeStorms
(19,199 posts)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)Surrounded by folks put there because they got hooked on prescription drugs!
SallyHemmings
(1,821 posts)Greed pure greed. I would let the parents who have lost a child loose on them.
Scruffy1
(3,256 posts)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)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.