U.S.: Valeant Was Victim of Multimillion-Dollar Fraud

The video discusses fraud and money laundering charges against Andrew Davenport and Gary Tanner, highlighting their financial misconduct involving kickbacks and personal expenses. Valeant, initially scrutinized for its business model and relationship with Philidor, is revealed as a victim of the fraud. Despite this, Valeant's reliance on Philidor and the need to restate revenues remain critical issues. Ongoing investigations continue, with no charges yet against former executives Michael Pearson and Howard Schiller.

What was the unexpected revelation about Valeant in this case?

What ongoing investigations are mentioned regarding Valeant's former executives?