Family Behind Purdue Pharma In Deeper Mess Following Expose Of Illegal Bank Transfers

The Sackler family finds itself in an even deeper hole after New York State Attorney General Letitia James revealed alleged illegal money transfers. The Sacklers now earn the moniker of being the most hated family in America for driving addiction and death with the US opioid epidemic, OxyContin.

The Sackler family is behind the now-bankrupt Purdue Pharmacy, the company that transformed them into multibillionaires. However, they have been dealing with claims of greed and criminality in the past years.

James did not mince words against the Sackler family when word got out that the family had made illegal money transfers to their family trust funds and bank accounts.

“As America suffered hundreds of thousands of opioid deaths, millions of addictions, and countless left in financial ruin, the Sacklers profited billions and syphoned [sic] those funds out of their company and into their personal bank accounts and trusts,” James said in an official statement to Law & Crime.

This comes not long after creditors sued Purdue Pharmaceutical L.P., arguing that some Sackler family members had personally directed and oversaw the transfer of billions of dollars out of company bank accounts and into the family members’ accounts and trusts.

Despite these allegations, representatives from the families behind Purdue disputed the claims. They claim that supported the release of documents by the court since they believe that members of the Sackler family who served on the board acted ethically and lawfully in every regard.

This comes not long after Rep. Katie Porter called out the family out over the said money transfers.

“The Sackler family withdrew $10 billion from Purdue Pharma—the (now bankrupt) company responsible for the opioid crisis—leaving limited funds available for families who lost loved ones,” she said on Twitter on Thursday. “As a bankruptcy lawyer, I know a fraudulent transfer when I see one.”

Several people are bashing the Sackler family over the opioid row, likening them to Mexican drug cartels and Ponzi scheme operators, the Guardian reported. Others branded them as evil even as the family continues to deny any personal responsibility for the opioid crisis.