Laurence Doud III Wiki

Laurence Doud III Wiki, Biography, Age, Family, Net Worth, Twitter, 10 Fact You Need to Know

Laurence Doud III Wiki

Laurence Doud III is the previous CEO of Rochester Drug Cooperative and the primary government of a prime drug distribution organization to stand federal crook charges in connection to the continued opioid crisis. Doud was hit with criminal charges accusing him unlawfully distributing oxycodone and fentanyl and conspiring to defraud the DEA, the ny U.S. attorney’s workplace announced April 23.


Doud was charged with conspiracy to distribute managed materials and conspiracy to defraud us, U.S. attorney for the Southern District of New York Geoffrey Berman stated in a press launch. Doud now faces as much as life in jail if convicted.

Federal prosecutors also introduced charges against Doud’s former business enterprise, Rochester Drug Cooperative, additionally called RDC, and some other former government, William Pietruszewski, who became the business enterprise’s leader compliance officer. RDC entered a consent decree admitting wrongdoing and agreeing to pay a $20 million first-rate and institute modifications in the agency. Pietruszewski pleaded guilty to conspiracy to distribute controlled materials, conspiracy to defraud us and willfully failing to document suspicious order reviews with the DEA. he is cooperating with the research.

in line with the U.S. lawyer’s office, RDC, “is a wholesale distributor of the pharmaceutical merchandise, such as managed substances, situated in Rochester, new york. it’s miles one of the country’s 10 largest vendors of pharmaceutical merchandise – and the fourth biggest in the new york location – with over 1,300 pharmacy customers and over $1 billion in revenue in step with 12 months.”

as the big apple instances point out, the drug conspiracy rate in opposition to Doud is the same form of charge normally used by federal prosecutors towards street-stage sellers and tablet-pushers.

“police officers have long attempted to stem the opioid crisis in the USA with criminal fees for street sellers and cartel kingpins who visitors in pills like fentanyl and oxycodone,” The Times writes. “The government’s novel tactic became expected to reverberate via the pharmaceutical enterprise, where big corporations and senior executives have lengthy escaped criminal culpability for the epidemic of overdoses from prescription painkillers, like oxycodone.”

Rochester Drug Cooperative, a prime pharmaceutical distributor, and of its former executives are facing federal criminal fees over its function in the opioid disaster.
For the First Time, Pharmaceutical Distributor Faces Federal crook charges Over Opioid crisis
The expenses against the wholesaler, Rochester Drug Cooperative, and of its former executives marked a brand new tactic for prosecutors in tackling the epidemic of dependency to prescription painkillers.

RDC stated in a declaration, “We made errors. And RDC understands that those mistakes, directed via former management, have extreme results.” The enterprise and its executives were investigated by the DEA for greater than two years that started out after the employer violated the terms of a civil settlement “The company had admitted in the civil case that it had for years failed to file lots of suspicious opioid orders from pharmacies, many of which flouted order limits and catered to docs who ran tablet generators,” The instances reported.

Doud, seventy-five, sued RDC ultimate 12 months, consistent with the Rochester Democrat & Chronicle, claiming he became wrongfully fired and changed into set up by using different executives to take the fall. Doud claims inside the lawsuit that the alternative executives conspired in opposition to him. “Mr. Doud is being framed by using others to cowl up their wrongdoing,” his legal professional, Robert Gottlieb, told The instances. “The authorities have it all wrong. he’ll combat these prices to his final breath and he could be vindicated.”


10 Quick Fact You Need to Know

  • Doud ‘Cared More About Profits Than Laws Intended to Protect Human Life,’ the Manhattan U.S. Attorney Says
  • attorney Geoffrey Berman said at a press conference, “Our country is in midst of a persecution drug abuse epidemic.
  •  RDC Announced Doud’s ‘Retirement’ in an April 2017 Newsletter, Saying He’d Worked for the Drug Company for 30 Years
  • After his retirement, he remained on board as a consultant and board member, but was fired in 2018, according to the Rochester Democrat & Chronicle.
  • The company praised Doud for growing the company’s stock value and increasing profits.
  • Doud Lives With His Wife in New Smyrna, Florida
  • During his years at RDC, Doud received several awards and recognition from the pharmaceutical industry
  • Doud was given an honorary degree by the Albany College of Pharmacy in 2016.
  •  Legal Experts Say Federal Authorities Could Be Using Doud as a ‘Test Case’ for Prosecuting Drug Company Executives in Connection to the Opioid Crisis
  • oud Was Scheduled to Appear in Federal Court on Tuesday & Faces Up to Life in Prison if Convicted of the Drug Conspiracy Charge