Billionaire Founder of Pharmaceutical Company Charged in US Opioid Bribe Case

Billionaire Founder of Pharmaceutical Company Charged in US Opioid Bribe Case
The billionaire founder of Insys Therapeutics Inc. John Kapoor, exits the federal court house with an unidentified woman after a bail hearing in Phoenix, Arizona , U.S., Oct. 27, 2017. REUTERS/Conor Ralph
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BOSTON–The billionaire founder of Insys Therapeutics Inc was arrested on Oct. 26 on U.S. charges he participated in a scheme to bribe doctors to prescribe a fentanyl-based cancer pain drug, marking a step by authorities to fight the opioid epidemic.

John Kapoor, Insys’ majority shareholder who stepped down as chief executive in January, was charged with engaging in conspiracies to commit racketeering, mail fraud and wire fraud in an indictment filed in federal court in Boston.