Loud & Clear

When Will They Go To Jail? Sacklers Hide Billions in Opioid Profits

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Synopsis

Purdue Pharma, the makers of OxyContin, filed for bankruptcy protection on Sunday in New York. The company said the filing was the only way to implement an agreement with more than 2,000 state and municipal governments to provide funding for anti-opioid addiction programs. But news also broke over the weekend that the Sackler family, the owners of Purdue, secretly transferred $1 billion out of the country and into European bank accounts so that it would not be subject to the bankruptcy. The move, of course, is likely illegal. And the entire agreement is now in jeopardy because of it. Drone attacks over the weekend on Saudi Arabia’s largest oil refinery and on one of its oil fields have cut the country’s oil production in half, causing oil prices to soar overnight. Meanwhile, President Trump and Secretary of State Pompeo are blaming Iran for the attacks, despite Yemen’s Houthi rebels’ claim of responsibility. With the President’s comments yesterday that the US military is “locked and loaded,” war with Iran cou