AG touts state’s success in recovering money from pharmaceutical - KPLC 7 News, Lake Charles, Louisiana

AG touts state’s success in recovering money from pharmaceutical fraud

LAKE CHARLES, LA (KPLC) -

Louisiana Attorney General James "Buddy" Caldwell is speaking at the Republican Women of SWLA's monthly luncheon at Reeves Catering in Lake Charles. 

"We are the only organization in the United States where 11,000 small businesses were taken in a Ponzi scheme," Caldwell said.

In addition to touting the AG Office's success with the case of Thomas Salzano, Caldwell talked about the recent success of recovering state money from pharmaceutical companies that acted fraudulently over the past few years.

"Our pharmacies paid $2.36 for this particular drug ... but the state Medicaid system paid the price the pharmacy company reported to this database and that price was $80.20. That was what the state paid," Caldwell said.

Of the 53 companies the Attorney General's office rendered since 2010 citing fraud, some of the most recognizable companies include: Pfizer ($20,650,000), Teva Barr (20,000,000), Abbott ($6,200,000), AstraZeneca ($10,000,000) and Johnson and Johnson ($10,000,000).

Caldwell said he plans on continuing to work with office to continue to hold people accountable and recover money for the state.

Some of those companies who settled with the Attorney General's Office include Abbot, Johnson and Johnson and Astra-Zeneca. 

More on later editions.

Copyright 2013 KPLC. All rights reserved.

  • More Local NewsNewsMore>>

  • A night of empowering women in Lake Charles

    A night of empowering women in Lake Charles

    Thursday, September 21 2017 11:38 PM EDT2017-09-22 03:38:02 GMT

    It was a night of insight and inspiration empowering women in Lake Charles on Thursday night. This is the 7th year of "Live Well Women"  hosted by Kayla Courvell who is the anchor of The FOX 29 Morning Show. She introduced the guest speaker for the night, Allison Massari, who delivered a storytelling message of courage, compassion and perseverance. Massari knows of what she speaks.  She's survived two traumatic accidents, one leaving her burned ...

    More >>

    It was a night of insight and inspiration empowering women in Lake Charles on Thursday night. This is the 7th year of "Live Well Women"  hosted by Kayla Courvell who is the anchor of The FOX 29 Morning Show. She introduced the guest speaker for the night, Allison Massari, who delivered a storytelling message of courage, compassion and perseverance. Massari knows of what she speaks.  She's survived two traumatic accidents, one leaving her burned ...

    More >>
  • CPPJ votes down RV park in Sulphur

    CPPJ votes down RV park in Sulphur

    Thursday, September 21 2017 11:07 PM EDT2017-09-22 03:07:16 GMT
    (Source: Maranda Whittington/KPLC)(Source: Maranda Whittington/KPLC)

    Could there be another RV park coming to Calcasieu Parish?  That was the big question at Thursday night's police jury meeting.  One by one, residents stood up voicing their opposition to another RV park.  "Would you guys want to look out your back door with your family and see an RV park," said resident Tina Knippers. The proposed RV park would be just off of Highway 108 West near Choupique Road in Sulphur.  Applicant Wendell Thibodeaux says he ...

    More >>

    Could there be another RV park coming to Calcasieu Parish?  That was the big question at Thursday night's police jury meeting.  One by one, residents stood up voicing their opposition to another RV park.  "Would you guys want to look out your back door with your family and see an RV park," said resident Tina Knippers. The proposed RV park would be just off of Highway 108 West near Choupique Road in Sulphur.  Applicant Wendell Thibodeaux says he ...

    More >>
  • UPDATE: The latest in the Stacy Johnson Jr. trial

    UPDATE: The latest in the Stacy Johnson Jr. trial

    Thursday, September 21 2017 9:45 PM EDT2017-09-22 01:45:25 GMT
    Stacy Johnson Jr. (Source: Calcasieu Correctional Center)Stacy Johnson Jr. (Source: Calcasieu Correctional Center)

    Robert Colston Sr. died from a gunshot wound to the back, according to testimony today from the Calcasieu Parish coroner. Parish Coroner Dr. Terry Welke was on the witness stand late Thursday afternoon in the first-degree murder trial of Stacy Johnson Jr., who is accused of killing Colston.

    More >>

    Robert Colston Sr. died from a gunshot wound to the back, according to testimony today from the Calcasieu Parish coroner. Parish Coroner Dr. Terry Welke was on the witness stand late Thursday afternoon in the first-degree murder trial of Stacy Johnson Jr., who is accused of killing Colston.

    More >>
Powered by Frankly