Yesterday a major drug company was held responsible for the opioid epidemic in Oklahoma. The Prosecutors estimated that the pushing of these drugs by the company cost the state of Oklahoma billions of dollars in treatment, lost productivity and future health care costs. The White House last year estimated that the opioid crisis has cost the economy over half a TRILLION dollars.
The Oklahoma court ruled that Johnson and Johnson, the drug company, had to pay Oklahoma $572 million bucks. For a multi-billion dollar problem. J and J is appealing the judgment. No one went to jail.
The payment, of course, will come out of the investor’s profits. So, in effect, J and J made billions of dollars, paid a relatively small fine charged to their investors and walks away with no jail time. For a major drug dealer.
Today, in my local area there are other drug dealers being dealt with.
Warren Greenough, age 47, was stopped for a traffic violation. They found drugs in his car. To be exact. 2.5 grams of crack cocaine….from the article…..
…”Greenough was charged with third-degree criminal possession of a controlled substance with intent to sell, a Class B felony; fifth-degree criminal possession of a controlled substance due to weight, a Class D felony; and third-degree aggravated unlicensed operation of a motor vehicle.
Greenough was later arraigned at Livingston County Centralized Arraignment Part at Livingston County Jail before Village of Dansville Justice Scott Kenney, who remanded Greenough to the custody of the Sheriff on $1,500 cash bail or $3,000 bond. The Livingston County District Attorney’s Office had requested $3,000 bail or $6,000 bond….”
Same day, another drug dealer…..
“The Ontario County Sheriff’s Office says 29-year-old James J. Murray of Clifton Springs was arrested for criminal possession of a controlled substance on Tuesday by the county’s Special Investigations Unit. The arrest came after a search was executed by investigators and the OCSO SWAT Team on Murray’s current residence in Manchester.
During the search, officers found heroin, marijuana, drug paraphernalia, and an unloaded handgun.
Murray was arraigned at Ontario County CAP and bail was set at $2,500 cash or $5,000 bond. Additional charges are pending and will be presented to the grand jury….”
This guy had a full SWAT team!
I suspect that nether Greenough or Murray will be able to pass on the costs of their criminal activity on to their shareholders. But then again, they aren’t incorporated.