NEW YORK UNCOVERS $1 BILLION IN SACKLER FAMILY WIRE TRANSFERS | WHAT REALLY HAPPENED

NEW YORK UNCOVERS $1 BILLION IN SACKLER FAMILY WIRE TRANSFERS

SOURCE: NYTIMES.COM

The New York attorney general’s office said Friday that it had tracked about $1 billion in wire transfers by the Sackler family, including through Swiss bank accounts, suggesting that the family tried to shield wealth as it faced a raft of litigation over its role in the opioid crisis.

Earlier this week, thousands of municipal governments and nearly two dozen states tentatively reached a settlement with the Sackler family and the company it owns, Purdue Pharma, maker of OxyContin. But the attorneys general of a majority of states, including New York and Massachusetts, are balking at the proposed deal, contending that the Sackler family has siphoned off company profits that should be used to pay for the billions of dollars in damage caused by opioids.

The wire transfers are part of a lawsuit against Purdue and individual Sacklers in New York. Letitia James, now the state’s attorney general, had issued subpoenas last month to 33 financial institutions and investment advisers with ties to the Sacklers in an effort to trace the full measure of the family’s wealth.

Webmaster's Commentary: 

The Sacklers did what nearly every other monied family does, when it discover that whatever their "gravy train" may have been, has had the emergency brakes pulled on it, and hared

Unfortunately for them, they were collectively too stupid to create an environment in which these alleged "covert transfers", stayed covert.

Too bad that they never has the opportunity to have lunch with Jeffrey Epstein, before his untimely demise at a Federal prison; now, THERE was a guy who, most likely, really knew how to do this.

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