Diversion Scheme Faked Origin Of $440M In Drugs, US Says

Law360, New York (December 14, 2012, 1:41 PM EST) -- Three wholesale prescription drug distributors and 23 people ran a multistate prescription drug-diversion and money-laundering scheme that misrepresented the source of over $440 million in prescription drugs and reaped over $650 million in ill-gotten gains, federal authorities said Thursday.

A 61-count indictment unsealed in Puerto Rico federal court accuses Martin Thuna, the three drug wholesale distribution companies he owns and 22 co-defendants of misrepresenting the source of $440 million worth of diverted drugs purchased by the distributors at steep discounts and sold to chain and independent...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.