Insys Executives Owe $306 Million Restitution To Insurers, Prosecutors Say

Insys Therapeutics Inc. founder John Kapoor and other former executives convicted of bribing doctors and lying to insurance companies to boost sales of an opioid painkiller should pay $306 million in restitution to insurers, federal prosecutors said in a court filing.

The former billionaire and four other ex-executives “defrauded and misled insurance companies to extract payment for these opioids,” the prosecutors said.

“Defendants committed these crimes to boost profits, and did so at the expense of victims nationwide.”

The five would all be responsible for the total restitution. Prosecutors will address prison time in a subsequent filing.

Kapoor, the first chief executive of an opioid maker convicted at trial, was found guilty in May of a racketeering conspiracy that illegally drove sales of Subsys.