Thursday, October 26, 2017

BREAKING: Insys Founder John Kapoor, Others Arrested For Selling Subsys; Indictment Unsealed (READ)

Insys founder and majority owner John Kapoor was arrested in Phoenix today and charged with racketeering and paying kickbacks related to the company's fentanyl spray.

(UPDATE: Arrested/Indicted Insys Founder John Kapoor Recently Contributed To Arizona GOP, Trump, National Republicans; AZGOP Says Money Was Donated)

Kapoor was scheduled to appear in U.S. District Court in Phoenix today. The 74-year old is accused of setting up a national conspiracy using bribes and fraud to maximize sales of Subsys.

Kapoor's Initial Appearance and Arraignment has been set for November 16 in Boston.

Here is the newly-unsealed indictment:

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