The pharmaceutical heirs Mortimer (48) and Jacqueline Sackler (43) fled to Switzerland after a wave of lawsuits in the United States.
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Switzerland Tourism
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The Sackler couple have been living in one of the two chalets on their estate in Gstaad BE since February.
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Bloomberg via Getty Images
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The Sackler family owns the pharmaceutical company Purdue Pharma. The company’s headquarters are in Stamford, Connecticut.
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Getty Images
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The third wife of the pharmaceutical co-founder Mortimer Sackler (1916-2010), wife Theresa Sackler (70), has been a cultural patron of the «Gstaad Menuhin Festival» in the past years.
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You have complaints of billions in your neck in the USA and are held responsible for the opioid crisis: Now the Sackler family has fled to Switzerland. The pharmaceutical heirs are looking for shelter in the Bernese ski resort Gstaad BE.
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Various US media reports that the Sacklers, who own the US pharmaceutical company Purdue Pharma, sold their apartment in New York for $ 38 million in early January to settle in Switzerland.
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Bern Music Festival waives donation from Sackler
One of the two chalets on the family estate in Gstaad is said to have become a permanent residence for Mortimer (48) and Jacqueline Sackler (43) in February. Mortimer, the son of the company founder of the same name, said goodbye to his New York acquaintances by email saying “We would be happy to see you in Gstaad or elsewhere in Europe”, like that “Berner Zeitung” reported.
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Gstaad has been a family refuge for years. Purdue Pharma co-founder Mortimer Sackler († 93) died on the Bern property in March 2010. His third wife Theresa Sackler (70) has been living in the Bernese ski resort for a long time.
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As a patron of culture, she has repeatedly given generous donations to the “Gstaad Menuhin Festival” in recent years, donating CHF 25,000 annually. However, in January it became known that the Bern Music Festival would waive financial support from the Sackler family until further notice.
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Billions made with Oxycontin pain reliever
With the marketing of the drug Oxycontin – which is twice as strong as morphine – the late Mortimer Sackler and his brother Raymond (1920–2017) made big money in the 1990s. For a long time, the pill from the drug manufacturer Purdue was one of the top-selling pharmaceuticals in the world. The family’s entire fortune is estimated at $ 13 billion, according to Forbes magazine.
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But the family’s fortune came at the expense of countless US citizens. Because the drug manufacturer is responsible for the rampant drug addiction and drug epidemic in the United States. In connection with the opioid crisis, US President Donald Trump recently declared a national emergency.
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400,000 dead from painkiller abuse
The accusation against Purdue: The pharmaceutical company had not sufficiently pointed out the drug’s addiction risk. Instead of being used as a pain reliever for extreme cases, Oxycontin was advertised as a pill for everyone.
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With devastating consequences: Between 1999 and 2017, a total of 400,000 US citizens died from the effects of painkiller abuse. Nevertheless, the pharmaceutical company vehemently rejects the debt.
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Over 2000 lawsuits against Purdue Pharma
Last September, Purdue Pharma filed for bankruptcy and filed for bankruptcy protection. Because the Sackler empire faces over 2,000 lawsuits – from cities, districts to US states.
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The New York prosecutor’s office also accuses Purdue Pharma of having shifted hundreds of millions of dollars through offshore companies. Some of the funds are said to have ended up in Swiss bank accounts. (wheel)