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American Greed Podcast

Profiting From Painkillers

American Greed Podcast

CNBC

True Crime, Documentary, Tv & Film, Society & Culture

4.61.9K Ratings

🗓️ 21 September 2021

⏱️ 41 minutes

🧾️ Download transcript

Summary

The opioid crisis in American has swiftly become an epidemic and many have cashed in, including John Kapoor. The pharmaceutical executive saw dollar signs in the midst of the crisis and illegally figured out ways to make a profit. (Original television broadcast: 02-08-2021) Want to binge watch your Greed? The latest episodes at: https://www.cnbc.com/american-greed/

Transcript

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0:00.0

This is the American Greek podcast presented by CNBC, I'm Stacey Kooch.

0:08.0

In this episode of American Greed, a billionaire CEO who prays on patience and pain.

0:15.0

They're drug pushers and suits. That's basically what they are.

0:19.0

Go inside the criminal scheme of John Kapoor, whose drug company cashes in big time on the opioid crisis.

0:26.0

People don't matter. Laws don't matter. Morality doesn't matter. He cared about money.

0:32.0

Bribing doctors to prescribe high doses of a addictive product, Kapoor's team adds fuel to the deadly epidemic.

0:41.0

To really throw that to the wind and to say that profits matter more is what we have here.

0:48.0

And trusting victims pay a horrible price.

0:51.0

Not one day goes by that there isn't some time during the day that you're reminded she's gone.

0:57.0

Kapoor becomes the first big pharma chairman of the board to go to jail.

1:02.0

And his top salesman sits down with American Greed to share his secrets.

1:07.0

I'm simply telling the truth because people deserve the truth.

1:22.0

At the height of America's deadly opioid epidemic comes a stunning arrest.

1:28.0

And it's not some no-name middle manager at a huge company or an over prescribing doctor.

1:35.0

No, this arrest is at the very top.

1:38.0

The founder and chairman of the board of a major pharmaceutical company, Incis Therapeutics.

1:44.0

John Kapoor is charged with conspiring to bribe doctors to push his addictive and potentially deadly drug subsist.

1:52.0

It's a stunning turn for a man who seems to embody the American dream.

1:57.0

He was a guy who was looking to build things and was willing to push very hard to do it.

2:04.0

An immigrant from India who'd come to the United States with almost nothing, Kapoor's built a fortune over decades in the drug business.

2:13.0

I mean, he succeeded in an industry that has seen more than its fair share of failures.

2:19.0

And with the help of photo ops like this, he's also built a reputation as a philanthropist.

...

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