Filings: Purdue (OxyContin makers) owners used Swiss banks to hide Millions in transfers

[Roland99]

The Sacklers, the family that owns OxyContin maker Purdue Pharma, used Swiss bank accounts to conceal the transfer of millions of dollars from the company to themselves, New York state’s attorney general contends in court papers.

https://apnews.com/81039e579ad74a8db531124b362c9b86

NEW YORK (AP) — The family that owns OxyContin maker Purdue Pharma used Swiss bank accounts to conceal the transfer of millions of dollars from the company to themselves, New York state’s attorney general contends in court papers filed Friday.

New York — asking a judge to enforce subpoenas of companies, banks and advisers to Purdue and its owners, the Sackler family — said it has already documented $1 billion in transfers between those parties.

Those transactions include millions shifted from a Purdue parent company to former board member Mortimer D.A. Sackler, prosecutors said in the papers. Sackler then redirected substantial amounts to shell companies that own family homes in Manhattan and the Hamptons, prosecutors say.


Representatives for the branch of the family that includes Mortimer D.A. Sackler did not immediately respond to requests for comment.

[FiveGoodMen]

1. What else have Swiss banks ever been for?

[Eugene]

2. I know it won't happen, but I wish the Sacklers are held liable

to the last buttons on their shirts. Prosecution for money luandering would also be nice.