Phoenix billionaire, John Kapoor,the founder and majority owner of Insys Therapeutics Inc., was arrested today and charged with leading a nationwide conspiracy to profit by using bribes and fraud to cause the illegal distribution of a Fentanyl spray intended for cancer patients experiencing breakthrough pain.
Kapoor, age 74, a current member of the Board of Directors of Insys, was arrested this morning in Arizona and charged with RICO conspiracy, as well as other felonies, including conspiracy to commit mail and wire fraud and conspiracy to violate the Anti-Kickback Law by the U.S. Attorney’s Office in the District of Massachusetts. Kapoor, the former Executive Chairman of the Board and CEO of Insys, will appear in federal court in Phoenix today. He will appear in U.S. District Court in Boston at a later date.
Kapoor was a heavy hitter in Arizona politics. He first grabbed attention for contributing to anti-legal marijuana campaign at the same time his company was making a synthetic marijuana compound. Later, Kapoor was among the deep pockets that came to the rescue of the Arizona Republican Party after it was left in debt by then-outgoing chair, and current possible Senate candidate, Robert Graham.
Continue reading to find out who he supported with his campaign contributions.