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Drug Scheme That Netted Nearly $200 Million Brings Guilty Pleas

May 28, 2020, 1:34 AM

A racketeering, money laundering, and prescription drug diversion scheme that netted more than $199 million resulted in four people pleading guilty Wednesday, federal prosecutors in California said.

False identities, shell companies, and a $54 million gold purchase were part of the five-year nationwide criminal enterprise that included buying drugs on the street and reselling them to unknowing pharmacies, the superseding indictment filed in San Francisco said.

The drugs included medications used to treat HIV infection, Type-2 diabetes, dementia, and high blood pressure. A total of 37 people out of 38 charged have pleaded guilty, a statement from the U.S. Attorney...

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