Audit: Sackler Family Withdrew $10B From Purdue Pharma In 10 Years

Audit: Sackler Family Withdrew $10B From Purdue Pharma In 10 Years

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Social Studies

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Purdue Pharma, owned by the Sackler family, transferred over $10 billion to family trusts and overseas holdings from 2008 to 2018, amid accusations of contributing to the opioid crisis. An audit revealed these withdrawals, which were significantly higher post-2007 plea deal with the Justice Department. New York Attorney General Letitia James is investigating the Sacklers' assets for transparency and accountability. Purdue filed for bankruptcy in September, facing numerous lawsuits, and proposed a $10 billion settlement to be distributed among various states and municipalities.

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