Valeant Pharmaceuticals International Inc. was the victim of a years-long fraud by an executive who engaged in a hidden kickback scheme with the chief executive of a mail-order pharmacy company that sold its drugs, federal officials said.
Former Valeant executive Gary Tanner and Andrew Davenport, who ran Philidor Rx Services LLC, were arrested early Nov. 17 in Phoenix and Philadelphia and charged with fraud and money laundering.
Davenport created Philidor with Tanner’s help in January 2013 and set up a “concealed kickback” scheme using a company they called End Game LP, according to a complaint filed Nov. 17 in Manhattan Federal ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.