- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Adrianne Appel2023-03-30T21:29:00
A former chief compliance officer who pleaded guilty to aiding widescale opioid distribution at a wholesale pharmacy where he worked received no jail time after testifying against his former chief executive officer.
William Pietruszewski, the former CCO of Rochester Drug Co-operative (RDC), was spared jail time by Judge George Daniels of the Southern District of New York in a ruling Wednesday. Pietruszewski’s testimony aided the Department of Justice’s (DOJ) case against former RDC CEO Laurence Doud III, who was sentenced to two years and three months in prison earlier this month.
The Pietruszewski ruling was confirmed by his legal representatives at Porzio Bromberg & Newman in a press release.
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The Department of Justice announced its intervention in a lawsuit alleging retail pharmacy chain Rite Aid filled hundreds of thousands of prescriptions for medically unnecessary oxycodone and other opioids in violation of multiple federal laws.
Walmart announced it agreed to a $3.1 billion nationwide settlement designed to resolve all the potential state lawsuits it faces for its alleged role in fueling the opioid epidemic.
In a period of three months, two chief compliance officers have been charged for their individual roles in the opioid epidemic—a clear indication the Department of Justice continues to expand the scope of prosecutions to those who fail in their compliance responsibilities.
Three former executives of Chicago-based Outcome Health, a healthcare technology company, were sentenced for misleading an auditor, clients, lenders, and investors about a scheme to sell $45 million in overbilled advertisements.
A home health company operating in Indiana, Ohio, and Texas agreed to pay nearly $4.5 million to settle allegations it filed false claims by giving sports tickets and other kickbacks to assisted living facilities in exchange for referrals.
Crypto-friendly Silvergate Bank will pay a total of $63 million penalties to California and the Federal Reserve Board to settle charges that its anti-money laundering program failed to properly monitor more than $1 trillion worth of customer transactions.
