SoylentNews is people
SoylentNews
https://www.bbc.com/news/business-49711618
In the face of thousands of lawsuits about the alleging abusive practices contributing to the opioid crisis in the US, Purdue Pharma (makers of OxiCotin) are filing Chapter 11 Bankruptcy protection. If the courts agree, this would allow them to restructure their debts and continue operations.
"Under the terms of the [proposed] deal, Purdue is to be dissolved and the money raised - estimated to be about $10bn-$12bn (£8bn-£9.7bn), including a minimum cash contribution of $3bn from the Sackler family - will go towards settling the lawsuits. The Sacklers have also offered an additional $1.5bn from the eventual sale of Mundipharma, another pharmaceutical firm owned by the family.
Several of the states that oppose the deal, such as New York, Connecticut and Massachusetts, have questioned how Purdue came up with the contribution figure.
The states want the Sackler family to put in more of its own money into the deal."
Note: Bankruptcy is not what regular people think it is. Similar to the "kill" command in Unix/Linux, there are lots of versions which may or may not do what people think. As an example, see: https://www.credit.com/debt/filing-for-bankruptcy-difference-between-chapters-7-11-13/
(Score: 4, Insightful) by Azuma Hazuki on Monday September 16 2019, @11:28PM (27 children)
The only way this shit is going to stop is if the people who gain from it lose *everything.* Throw them in federal PMITA prison, *after* stripping every last cent from them.
In fact, do them one better: remove every red penny they have, and then...let them go. Let them make their way in the world with no money at all, or try to. They'll be begging to be let into prison within a week. They may even end up addicted to opioids, which would be grimly, poetically hilarious.
I am "that girl" your mother warned you about...
(Score: 4, Insightful) by Anonymous Coward on Monday September 16 2019, @11:34PM (10 children)
Is prison rape ever an acceptable built-in punishment?
Or more broadly, is a prison culture where you could be raped, stabbed, forced to join a gang, fear for your life, etc. acceptable?
(Score: 2, Offtopic) by Gaaark on Tuesday September 17 2019, @01:41AM (4 children)
Is being a drug pusher making billions of dollars at peoples expense acceptable?
Is ruining peoples lives acceptable?
--- Please remind me if I haven't been civil to you: I'm channeling MDC. ---Gaaark 2.0 ---
(Score: -1, Flamebait) by Anonymous Coward on Tuesday September 17 2019, @01:53AM (3 children)
Those questions are not relevant to this thread.
I want to know more about this notion of throwing them into "federal pound-me-in-the-ass prison" that Azuma supports.
(Score: 0, Flamebait) by Azuma Hazuki on Tuesday September 17 2019, @02:30AM (2 children)
"Hyuk hyuk hyuk, lookit me, I'mma expose me sum lib'rul hypocrisy hurrrrr~!"
Stupid bastard. It's a figure of speech. But you know, since I tend to deal in eye-for-eye retribution, let me turn the tables on you with another question: how can these drug lords be made to properly suffer? I'd actually say that being stripped entirely of all assets and forced to live as minimum-wage retail peons for the rest of their lives might actually, in the aggregate, be *worse* punishment. Think of it as an area-under-the-curve question, to be extremely relevant to the subject of pharmaceuticals :)
I am "that girl" your mother warned you about...
(Score: 0) by Anonymous Coward on Tuesday September 17 2019, @07:40AM (1 child)
In the '60's, they said:
Same as it ever was. Azuma Hazuki is right on target with this one.
(Score: 2) by Gaaark on Tuesday September 17 2019, @12:31PM
Except now, the 'pusher man' has power, money and influence: the war on drugs stops at his doorstep.
--- Please remind me if I haven't been civil to you: I'm channeling MDC. ---Gaaark 2.0 ---
(Score: 0, Flamebait) by Azuma Hazuki on Tuesday September 17 2019, @02:33AM (4 children)
Sorry? I see your lips moving in what look like English syllables, but all I hear is some variation on the theme of "Aur aur aur aur!" Who the hell let that sea lion in here?
I am "that girl" your mother warned you about...
(Score: -1, Troll) by Anonymous Coward on Tuesday September 17 2019, @02:51AM (1 child)
Sounds like you need the PMITA treatment. And I'm not talking about a strap-on.
(Score: 1, Troll) by Azuma Hazuki on Wednesday September 18 2019, @12:31AM
It's PMITV in this case, thanks, and a strapon works perfectly for it :) Not that you're ever going to know one way or another. Your mother's was the first and last vagina you will ever get that close to, at least without the aid of drugs and/or weapons.
I am "that girl" your mother warned you about...
(Score: 2) by c0lo on Tuesday September 17 2019, @03:07AM
Chill, Azuma. Don't make spend another mod point telling you you're flamebiting, and excessively so.
I'm able to read two valid questions that are not including anything personal; they can stand on their own no matter the context. What made you think those question are somehow an ad hominem directed to you?
(Stressful times in your life? Sleep deficit? What?)
https://www.youtube.com/watch?v=aoFiw2jMy-0 https://soylentnews.org/~MichaelDavidCrawford
(Score: 1, Insightful) by khallow on Tuesday September 17 2019, @01:00PM
(Score: 3, Informative) by PartTimeZombie on Monday September 16 2019, @11:36PM (7 children)
Unfortunately that is not how the world works.
The Sackler family are doing everything they can to hide as much as they can [theguardian.com] before the courts can get hold of it.
Will any of that money be recovered? I don't think so.
That is why the Swiss banking system is still allowed to exist. Rich people need to keep money secret.
(Score: 1) by NickM on Tuesday September 17 2019, @12:11AM (3 children)
<tinfoil>
The recent mysterious 1 billion usd worth of btc trx to an unknown wallet is starting to make sense
</tinfoil>
I a master of typographic, grammatical and miscellaneous errors !
(Score: 2) by PartTimeZombie on Tuesday September 17 2019, @12:48AM (2 children)
Nice! I love a good conspiracy theory.
(Score: 2) by Azuma Hazuki on Tuesday September 17 2019, @02:41AM (1 child)
You know, at this point nothing like that would surprise me. We've long since jumped the shark, have gone from the sublime straight past the ridiculous and are screaming headlong down the abyss of Dadaist absurdity.
I am "that girl" your mother warned you about...
(Score: 3, Informative) by c0lo on Tuesday September 17 2019, @03:16AM
Pardon me, "de gustibus".
I happen to find the Dadaist absurdity a sublime ancestor. I mean, it grandfathered something I imagine you('d) like [wikipedia.org]
https://www.youtube.com/watch?v=aoFiw2jMy-0 https://soylentnews.org/~MichaelDavidCrawford
(Score: 2) by c0lo on Tuesday September 17 2019, @12:13AM (1 child)
Update what you know about banking secrecy.
Start with the Common Reporting Standard [wikipedia.org] ("Its purpose is to combat tax evasion"). Note that Switzerland started to report in 2018 [wikipedia.org].
In brief, Switzerland will no longer protect your data from an investigation involving financial crimes (note: the Purdue/Sackler family case may not fall into this category).
If you want to see how the Switzerland bank secrecy evolved over time, read the Financial Secrecy Index'es Narrative report on Switzerland(PDF warning) [financialsecrecyindex.com].
https://www.youtube.com/watch?v=aoFiw2jMy-0 https://soylentnews.org/~MichaelDavidCrawford
(Score: 2) by PartTimeZombie on Tuesday September 17 2019, @12:59AM
That was an interesting read, but the Common Reporting Standard still clashes with the Swiss Federal Act on Banks and Savings Banks:
This Wikipedia article is full of quote like that. [wikipedia.org]
Disclosing banking information is illegal in Switzerland, and that is not a new thing.
If the Sackler family is sending money there, they have a very good reason to.
(Score: 0) by Anonymous Coward on Tuesday September 17 2019, @01:41AM
Seems we're left with the problem of power. Guillotines would be sufficient During their last 20 seconds of life as a blinking head, they will contemplate their choices (as they always urge us little people to).
(Score: 2) by JoeMerchant on Tuesday September 17 2019, @12:28AM (1 child)
When you fall from that high, you tend to bounce pretty well, example: O.J. Simpson.
🌻🌻 [google.com]
(Score: 2) by Gaaark on Tuesday September 17 2019, @01:43AM
Scum floats to the top of the swamp!
--- Please remind me if I haven't been civil to you: I'm channeling MDC. ---Gaaark 2.0 ---
(Score: 2) by Thexalon on Tuesday September 17 2019, @02:15AM
At the very least, they should be considered drug lords.
The only thing that stops a bad guy with a compiler is a good guy with a compiler.
(Score: 3, Insightful) by TheGratefulNet on Tuesday September 17 2019, @03:05AM (4 children)
you forget rule #1 of How Things Really Work(tm).
see, the ruling class never gets punished (not very hard). they have the 'authorities' in place to ensure THEIR safety during whatever will happen.
the authorities are not there for you and me, the regular people. they have ALWAYS been there ONLY for the ruling classes.
what, you think that real justice exists in the US?
pfffft!
kids should learn this real early. sooner they realize how things really work, the sooner SOME kind of change can be made.
but this won't change. the whole system is setup by 'them' for 'them' and it goes quite deep.
"It is now safe to switch off your computer."
(Score: 2) by c0lo on Tuesday September 17 2019, @03:21AM (3 children)
Sometimes they conveniently get suicided [wikipedia.org], though.
Otherwise, too high a risk of too many others in the ruling class being punished.
https://www.youtube.com/watch?v=aoFiw2jMy-0 https://soylentnews.org/~MichaelDavidCrawford
(Score: 1, Interesting) by Anonymous Coward on Tuesday September 17 2019, @05:06AM (2 children)
He was jumped-up new trash money without family or real friends who probably got his money via blackmail. The true 0.1% were happy to see him suicide-watched* while his few 'friends' were busy trying to hide any connections they had to him.
*from wikipedia: Suicide-watch is an intensive monitoring process used to ensure that anyone except Jeffrey Epstein cannot attempt suicide.
(Score: -1, Flamebait) by Anonymous Coward on Tuesday September 17 2019, @05:16AM
RMS is still loyal to Epstein ;)
(Score: 1) by khallow on Tuesday September 17 2019, @04:27PM