New York attorney general exposes $1 billion in wire transfers by Sackler family
Summary and Analysis…
This article introduces an additional facet of the investigation into the Sackler family, its relationship to Purdue Pharma and the opioid crisis.
Although the Sackler family denies the allegations, the New York attorney general is claiming the family moved money in an attempt to protect it from investigators and/or litigation. This allegation comes on the heels of news reports about a proposed settlement of the more than 2,000 cases pending against Purdue for its role in causing the opioid crisis.
Excerpted from CNN
New York (CNN) Authorities have identified about $1 billion in wire transfers between the owners of pharmaceutical giant Purdue Pharma, the entities they control and different financial institutions, New York Attorney General Letitia James said Friday.