‘White-Collar Drug Dealer’ CEO Gets 27 Months for Opioids (1)

The former head of a major generic-drug distributor was sentenced in New York to 2 1/4 years in prison for conspiring to sell opioids to crooked pharmacies to boost profits and his own pay.

“This was a crime that was motivated solely by profit,” US District Judge George Daniels said at Laurence F. Doud III’s sentencing hearing in Manhattan federal court on Wednesday.

Doud, 79, spent 25 years as chief executive officer of Rochester Drug Co-operative. He was found guilty last year in what prosecutors called a “first-of-its-kind” prosecution for selling addictive opioids to pharmacies that were suspected of ...