John Kapoor, billionaire founder of opioid spray manufacturer Insys Therapeutics, was arrested in Phoenix on Thursday morning and charged with RICO conspiracy, conspiracy to commit mail and wire fraud, and conspiracy to violate the Anti-Kickback law. An attorney for Kapoor told CBS News, that Kapoor "is innocent of these charges and intends to fight the charges vigorously." “Today's arrest and charges reflect our ongoing efforts to attack the opioid crisis from all angles. More directly, the charges come out of a superseding indictment that was unsealed Thursday by the U.S. Attorney's office in Massachusetts that had arrested and charged six other former Insys executives in December 2016. "My involvement is I am an investor," Kapoor told FORBES in an interview for the article last year.

Source: Forbes October 26, 2017 16:59 UTC