Gavin de Becker
๐ค SpeakerVoice Profile Active
This person's voice can be automatically recognized across podcast episodes using AI voice matching.
Appearances Over Time
Podcast Appearances
And I almost forgot 240 million in criminal fines and another 190 million in 2004.
for false claims to Medicare, and $60 million and $40 million and $75 million for fraudulent marketing, $15 million for paying kickbacks to healthcare providers.
Johnson & Johnson, who's a really trusted company to some people,
They got fined $5 billion for what I already talked about, which is the baby powder, $4 billion, I'm sorry.
And they had to pay out all kinds of court things.
But they got a $5 billion fine for multiple states for its role in the opioid crisis.
And, you know, you can decide if I'm overplaying this because they got deceptive marketing, downplaying the risks and overstating the benefits of their products, false claims made to mislead doctors and patients and regulators, tricky promotion, et cetera, et cetera, for distributing fentanyl products and failing to adequately warn about the risk of those products.
$4.7 billion criminal fine in connection with baby powder.
$2.2 billion in penalties for illegal marketing and kickbacks.
Now, I know this is boring, so I'm going to rush through it.
GlaxoSmithKline, same thing.
All kinds of criminality.
GlaxoSmithKline had 700 middlemen who were bribing doctors.
And one of the companies that I talk about in the book, the sales guy comes to the CEO and he says, I got a great idea for our product.
Most of the pharma companies are paying doctors to go around and give seminars touting the drug, right?
He said, let's cut that out.
Let's go right to pay the doctors to write the prescriptions.
It was called bribe to prescribe.