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How the Sacklers shifted $10.8B of an opioid fortune built on OxyContin
21–30 of 230 posts
Re: How the Sacklers shifted $10.8B of an opioid fortune built on OxyContin
#22Earlier quoted context omitted.
I imagine a couple ways this would play out in china 1. nobody ever hears nor finds out anything because it's all kept within the party. 2. they are publically shamed and they are sent to a re-education camp never to be seen or heard again. my 2 cents...
I assumed they’d be executed on the spot for knowingly enriching themselves while addicting millions, leaving them to slowly decline mentally and physically before eventual death. China would have zero tolerance due to their opium history that was imposed by the west. This is even more insidious however as the country’s institutions were mislead and this family made billions on the back of their countrymen’s misery.
Maybe. In the tainted milk scandal, the executives were jailed, and it was the lower level people who were executed. https://www.nbcwashington.com/local/natlchina-issues-death-s...
Re: How the Sacklers shifted $10.8B of an opioid fortune built on OxyContin
#23TL; DR The Sacklers extracted about $6.1bn after taxes but before capital gains or losses and propose to pay $3bn in their settlement. To my knowledge, none of them have been arrested yet, though the wheels of criminal justice turn slower than those of civil law.
Re: How the Sacklers shifted $10.8B of an opioid fortune built on OxyContin
#24Earlier quoted context omitted.
This is why I am puzzled when people say 'you should fight your battles in the courts, not through protests'. It has always been about who can afford better lawyers, who can win the war of attrition, and a whole lot of luck along the way. Quite a few articles have showed up on HN the past week that reinforce this.
Fighting battles through protests seems like it is mainly a case of who can afford better PR companies, win the war of attrition and has a whole lot of luck along the way. In addition, at least with a court case you can be sure public opinion doesn't just forget about it in a few months and moves on to the next hot item to protest.
Yeah, cuz that how every social change occurred in the world.
Via two people talking in the room...
Give me a break, legal system never changes itself.
From Ghandi, Bolshevik revolution, Solidarity, French revolution to MLK.
Change only occurs due to mass civil dissonance or armed revolutions.
Never because you talk in a court and all people in power agreed you make sense.
Re: How the Sacklers shifted $10.8B of an opioid fortune built on OxyContin
#25I never understand why doctors are not blamed for prescribing these. Are doctors not supposed to be responsible for prescriptions? If they are not, should we stop allowing them to prescribe? Why don’t doctors unions throw out members who would claim to have been hoodwinked by pharmaceutical companies?
> Why don’t doctors unions throw out members who would claim to have been hoodwinked by pharmaceutical companies? If the companies are lying about safety, how are the doctors supposed to know? The only ones with the data necessary to know the dangers of these drugs are the manufacturers and the manufacturers were lying and covering up the dangers.
Exactly, there is a chain of trust involved, and when that trust is broken it makes sense to first look as far up the chain as possible.
Holding doctors responsible for their actions only starts making sense once we are talking about doctors who keep prescribing this long after the risks have become known, which I am sure has happened too. But it's not the root problem.
Re: How the Sacklers shifted $10.8B of an opioid fortune built on OxyContin
#26If we had a justice system, that $10.8 billion would be recoverable, and used to try to rehabilitate the victims. But we don't have a justice system. We have a legal system, and a financial system.
No post body was provided.
Re: How the Sacklers shifted $10.8B of an opioid fortune built on OxyContin
#27I never understand why doctors are not blamed for prescribing these. Are doctors not supposed to be responsible for prescriptions? If they are not, should we stop allowing them to prescribe? Why don’t doctors unions throw out members who would claim to have been hoodwinked by pharmaceutical companies?
>> Why don’t doctors unions throw out members who would claim to have been hoodwinked by pharmaceutical companies? Because of the...money? There is/was plenty for everyone.
Do doctors get paid more for prescribing one brand of medication vs another?
Re: How the Sacklers shifted $10.8B of an opioid fortune built on OxyContin
#28I am not american and I remember hearing about OxyCotin for more around 10 years. So I wonder why controling this problem which casued so many loses of lifes (not necessary deaths), took this long to be the target of the government. I also wonder was there one of these stupid political shows that US is used to them now that was stopping anyone to handle it. In the long legal battle I do not think this money is going…
I remember it being discussed on drug (recreational) boards 20 years ago. It is not new
> So I wonder why controling this problem which casued so many loses of lifes
Did you not read $10billion in profit. People point to Mexico and the corruption the narcos bring to the Mexican state. It is the same in the US for this case. Just looked at who profited. Drs, lawyers, politicians, lobbists. Whilst the gravy train is running people are not asking questions at best and doing their best to stop them being asked.
The corruption regarding oxycotin, ran from the top to the bottom of the system
Re: How the Sacklers shifted $10.8B of an opioid fortune built on OxyContin
#29I never understand why doctors are not blamed for prescribing these. Are doctors not supposed to be responsible for prescriptions? If they are not, should we stop allowing them to prescribe? Why don’t doctors unions throw out members who would claim to have been hoodwinked by pharmaceutical companies?
Some doctors are blamed for over-prescribing, which is why some doctors were jailed and some doctors struck off.
That doesn't take away from the fact that the manufacturers led a campaign to deliberately mislead people for years about the addictiveness and efficacy of opioid medication to treat pain.
Re: How the Sacklers shifted $10.8B of an opioid fortune built on OxyContin
#30If we had a justice system, that $10.8 billion would be recoverable, and used to try to rehabilitate the victims. But we don't have a justice system. We have a legal system, and a financial system.
> If we had a justice system, that $10.8 billion would be recoverable
We’re in the midst of a series of lawsuits and criminal probes seeking to do exactly that. When public pressure rushes prosecutors, we get nonsense like Arizona getting rejected for original jurisdiction by SCOTUS.
We have due process. Not mob rule.