Bloomberg Law
Free Newsletter Sign Up
Login
BROWSE
Bloomberg Law
Welcome
Login
Advanced Search Go
Free Newsletter Sign Up

Convicted Drug Inventory Executives Get Partial Win in 3rd Cir.

Sept. 30, 2022, 5:36 PM

Two executives of a pharmaceutical inventory manager will be resentenced after they persuaded the Third Circuit to vacate their convictions for conspiracy to launder money in connection with an alleged fraud scheme involving manufacturer refunds for unused or expired prescription drugs.

Prosecutors didn’t put forth sufficient evidence to support the defendants’ convictions for conspiring to commit concealment money laundering, the US Court of Appeals for the Third Circuit said in an opinion issued Friday.

There’s a “fine line” between the concealment involved in a fraud scheme and concealment to launder money, and the evidence here showed that the defendants’ ill-gotten ...