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USA v. DEVOS LTD. et al

  1. November 30, 2023

    Ex-Devos CEO Must Pay $103M Over Drug Refund Scheme

    A Pennsylvania federal court ordered the former CEO of Devos Ltd. to pay $103 million after he was convicted over his role in a drug refund theft scheme.

  2. October 28, 2020

    Feds Defend Warrant In $94M Drug Return Fraud Appeal

    Pennsylvania federal prosecutors shot back at a bid by Devos Ltd. and two of its former executives to overturn their convictions for stealing $94 million in drug company refunds, telling the Third Circuit on Tuesday that their search warrant was specific enough under the court's own precedent.

  3. August 05, 2019

    Cooperation Lets Pharma IT Pro Duck Jail In $94M Theft Case

    A former IT professional for a New York-based drug refund company managed to avoid prison during a sentencing hearing on Monday, with the judge citing his cooperation with prosecutors in convicting his boss over a scheme to steal tens of millions of dollars that should have gone to customers.

  4. July 01, 2019

    Drug Return Co. Must Pay $94M Restitution In Fraud Case

    A Pennsylvania federal judge ordered a drug return company to fork over $94 million in restitution and pay a $15 million fine after it was convicted alongside two former executives for stealing refunds it promised to customers including pharmacies and government agencies.

  5. July 17, 2017

    Drug Return Fraudster Fights Forfeiture Bid

    A former drug refund company chief financial officer now convicted of fraud told a Pennsylvania federal judge Friday that the government shouldn't be able to force her to forfeit personal assets because it had never proven she personally benefited from her company's scheme to cheat customers, including the U.S. Department of Defense.

  6. June 02, 2017

    Drug Return Co. Wants Acquittal, New Trial In $116M Fraud

    A drug return company and two of its executives have asked a Pennsylvania federal judge to undo a jury verdict finding them guilty of stealing $116 million worth of refunds from drug manufacturers or give them a new trial, alleging prosecutorial misconduct and a host of other concerns.

  7. April 14, 2017

    Drug Co. Hires Ex-SDNY Brass To Fight $181M Forfeiture

    Drug restocking company Guaranteed Returns and two of its executives have hired Sharon Cohen Levin, a WilmerHale attorney who formerly oversaw asset recovery in the Southern District of New York for 19 years, to contest prosecutors' $181 million forfeiture attempt after their conviction.

  8. April 11, 2017

    Guilty Drug Return Co. Should Forfeit $181M, Feds Say

    Pennsylvania federal prosecutors on Tuesday asked for an order requiring a nearly $181 million forfeiture from Guaranteed Returns and two of its executives after a jury found them guilty of stealing $116 million worth of refunds from drug manufacturers and then obstructing a subsequent investigation into the scheme.

  9. March 22, 2017

    Jury Convicts Drug Return Co., CEO In $116M Fraud Case

    A Pennsylvania federal jury on Wednesday convicted a drug refund company, its CEO and its chief financial officer on charges that they stole $116 million worth of refunds from pharmaceutical manufacturers and then obstructed a subsequent investigation into the scheme.

  10. March 20, 2017

    Pa. Jurors Ready To Mull $116M Drug Refund Fraud Case

    A Pennsylvania federal jury will begin deliberating Tuesday whether a drug refund company defrauded customers, including the U.S. Department of Defense, out of $116 million they should have received for their unwanted medications, after a prosecutor hit back against claims that the company's conduct was sanctioned by its contracts.

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