Saturday, January 26, 2013

Feds indict 3 in pharmaceutical sales conspiracy Officials: Trio relabeled unregulated drugs in Nashville, sold them to TN drugstores

A Texas trio ran a $60 million drug operation in Nashville that sold thousands of pounds of unregulated pharmaceuticals to independent pharmacies across the state, according to a federal indictment announced Thursday.
For about three years, according to the U.S. attorney’s office in Nashville, a couple and an associate from Houston moved large quantities of discounted prescription drugs from street dealers in New York City and Miami through a sophisticated distribution system they used to dupe pharmacies into buying the products.
The aim of the “drug diversion” scheme was to make a handsome profit on unregulated medications. The three Texans portrayed the operation as a wholesaler, authorities say.
The federal investigation led to grand jury indictments of Charles Edwards, 51; Brenda Edwards, 42; and Jerrod Smith, 43, all from the Houston area. None of the three could be reached for comment.

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