The Sackler Family's Legal Troubles And Financial Maneuvering Unveiled

The Sackler family just keeps digging themselves deeper into the mess they’re in. Not only are there more than 2,000 lawsuits against their company and family for their role in the opioid crisis – their company not only invented and prescribed OxyContin – they downright pushed it on the public in order to pad their bank accounts, but now, the New York attorney general's office has uncovered about $1 billion in wire transfers by the Sackler family. Many of these wire transfers were run through Swiss bank accounts, pointing to the fact that the family was attempting to protect their wealth as the lawsuits against them racked up.

The Sackler family has long been accused of siphoning money off company profits to fund their own lives. That money, their critics argue, should have been used to pay for the billions of dollars in damage that OxyContin has caused. Letitia James, the New York attorney general, issued subpoenas to 33 financial institutions and investment advisors with connections to the Sacklers last month. She was trying to assess the wealth of the Sackler family.

In a statement, Letitia James said, "While the Sacklers continue to lowball victims and skirt a responsible settlement, we refuse to allow the family to misuse the courts in an effort to shield their financial misconduct. Records from one financial institution alone have shown approximately $1 billion in wire transfers between the