OxyContin makers used Swiss bank to shift funds

The Sackler family, owners Purdue Pharma and makers of OxyContin, used a Swiss bank to transfer millions of dollars from the company to themselves.

New York state’s attorney general stated in court papers filed Friday the family shifted the funds “from a Purdue parent company to former board member Mortimer D.A. Sackler, prosecutors said in the papers. Prosecutors say Sackler then redirected substantial amounts to shell companies that own family homes in Manhattan and the Hamptons.”

The new filing comes after the state of NY, Massachusetts, and others rejected a tentative settlement with the company because it did not go far enough to compensate “for the company’s and family’s alleged roles in flooding U.S. communities with prescription painkillers.”

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