❝ A federal jury on Thursday found the top executives of Insys Therapeutics, a company that sold a fentanyl-based painkiller, guilty of racketeering charges in a rare criminal prosecution that blamed corporate officials for contributing to the nation’s opioid epidemic.
The jury, after deliberating for 15 days, issued guilty verdicts against the company’s founder, the onetime billionaire John Kapoor, and four former executives, finding they had conspired to fuel sales of its highly potent drug, Subsys, by not only bribing doctors to prescribe their product but also by misleading insurers about patients’ need for the drug…
❝ The verdict against Insys executives is a sign of the accelerating effort to hold pharmaceutical and drug distribution companies and their executives and owners accountable in ways commensurate with the devastation wrought by the prescription opioid crisis. More than 200,000 people have overdosed on such drugs in the past two decades.
I’ll bet Warren Buffett checks his credit card accounts
Diners at some of New York’s most popular restaurants had their credit card details stolen by waiters working for gangs who targetted American Express black cards then spent millions of dollars on luxury clothes and vintage wine…
The cards of wealthy customers at Smith and Wollensky’s, Capital Grille and Wolfgang’s steakhouses were allegedly “skimmed” and used to buy Rolex watches, Jimmy Choo shoes and Chanel handbags.
Almost 30 people have been charged with crimes including racketeering, conspiracy and grand larceny, after the alleged fraud ring was broken by police in Manhattan. Seven waiters at the restaurants are alleged by prosecutors to have been recruited by Luis Damian “D.J.” Jacas, the 41-year-old alleged ringleader, and equipped with card-copying devices.
They were instructed to focus on customers with premium credit cards including the American Express black card, so that large purchases would not trigger alerts to customers…
Police seized $1.1 million in cash and $1 million worth of designer watches, as well as 100 designer handbags and 35 cases of expensive vintage wine…
To protect the alleged scheme, Jacas is alleged to have only allowed purchases up to $35,000 and to have ordered that the cards be used for three days before being ditched.
His alleged second-in-command, a 51-year-old convicted killer called Gregory Portacio, 51, remains at large. All the defendants deny the charges. They each face up to 25 years in prison if convicted.
Not a new practice. We all know that. But access to top-shelf clientele and high credit lines makes the scam more profitable than ever.
Top-rated restaurants had better check their hires with more accuracy. Consumers should be using accounts which allow a chance for you daily to check on illegal charges. It’s in your own interest, folks.
The criminal accusations spanned several states and several decades, encompassing figures from seven mob families, and led to the arrest of nearly 125 people on federal charges on Thursday…
The charges were included in 16 indictments handed up in federal courts in four jurisdictions. Taken together, they amounted to what federal officials called the “largest mob roundup in F.B.I. history…”
The sweep began before dawn, with 800 federal agents and state and local investigators fanning out across the region. The targets, officials said, ran the gamut from what they called small-time bookmakers and shakedown artists to mob middle managers and the entire current leadership of the Colombo crime family, as well as two senior Gambino family figures. Prosecutors said 34 made members of New York’s five crime families — Bonanno, Colombo, Gambino, Genovese and Luchese — and crime families in New Jersey and New England were among those arrested.
By taking out the leadership of the Colombos and charging large numbers of reputed crime figures from the other families, the F.B.I. and federal prosecutors hoped the case would have a significant impact. But at the same time, officials acknowledged that the mob had shown itself to be remarkably resilient.
At the news conference, Eric Holder also announced that the Justice Department was merging its Organized Crime and Racketeering Section with its Gang Unit, a move he said would provide more-experienced prosecutors and increased resources for cases like the one announced on Thursday…
Most of the defendants whom prosecutors characterized as higher-ranking mob figures were held without bail after pleading not guilty.
RTFA for the details. Lots of details.
Coming from the streets I come from – I was relieved not to see the names of anyone I know. Not that I ever hung out with anyone who was a made man. One mob “associate” back in southern New England was part of the class action suit – with me – that won a judgement against the FBI for illegal wiretapping. Most of the plaintiffs were political rather than criminal targets. Not that the FBI cared much.
My gumba was offered a chance to become a made man a few years later – and turned it down. Like a lot of 2nd-generation Italian-Americans he had relatives on both sides of the street.
Nice to see the FBI spend some time – productive time at that – on something of benefit to the whole nation.