Sackler family behind OxyContin busted trying to hide $1bn as lawsuits over opioid crisis pile up

New York’s attorney general has uncovered over $1 billion in wire transfers by the Sackler family and accused the OxyContin magnates of trying to shield their wealth from mounting lawsuits over their role in the opioid crisis.

The prodigious stash was discovered in the records of just one of the 33 financial institutions Attorney General Letitia James subpoenaed last month in an effort to trace the extent of the Purdue Pharma owners’ wealth, James’ office said in a statement on Friday. The money passed through several Swiss bank accounts, indicating the family may have tried to hide profits from the sale of drugs that have killed hundreds of thousands of Americans over the past two decades as their legal troubles began to pile up.

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