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Fri Dec 21, 2012, 05:04 AM

Eli Lilly to settle US SEC bribery case

Source: Reuters

Eli Lilly to settle US SEC bribery case
December 21 2012 at 10:12am
By Reuters

US drugmaker Eli Lilly and Co agreed on Thursday to pay $29 million to settle civil charges that its subsidiaries made improper payments to foreign government officials to win business in Russia, Brazil, China and Poland.

Lilly's settlement with the US Securities and Exchange Commission represents part of a broader bribery crackdown on the pharmaceutical industry by US criminal and civil authorities as they continue to probe corruption.

The settlement stems from an investigation by the SEC of Lilly's activities from 1994 to 2009, Lilly said, adding the company was first notified of the probe in 2003.

In this case, the SEC alleged that a Russian unit of Indianapolis-based Eli Lilly used “marketing agreements” to funnel millions of dollars to government officials through offshore companies.

Read more: http://www.iol.co.za/business/international/eli-lilly-to-settle-us-sec-bribery-case-1.1444006

4 replies, 1450 views

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Arrow 4 replies Author Time Post
Reply Eli Lilly to settle US SEC bribery case (Original post)
Judi Lynn Dec 2012 OP
green for victory Dec 2012 #1
davidpdx Dec 2012 #2
Grins Dec 2012 #3
green for victory Dec 2012 #4

Response to Judi Lynn (Original post)

Fri Dec 21, 2012, 08:05 AM

1. the same company that hid internal documents that showed Prozac


was 12 times more likely to cause suicide than *other antidepressants*

Michael Moore says: "This is a criminal act and I want to know why these criminals are still walking the streets"

lots of people here didn't like this message and didn't even comment on this crime. What is up with that?

Eli Lilly comments @1:30

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Response to Judi Lynn (Original post)

Fri Dec 21, 2012, 08:34 AM

2. That's chump change for a company that large

Wal-Mart is hopefully going to get carpet bombed when the fine is dropped on them for the stuff they pulled in Mexico

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Response to Judi Lynn (Original post)

Fri Dec 21, 2012, 10:52 AM

3. ..with STRONG history to Republicans

Particularly Bill Frist.

Those who have been on the Eli Lilly payroll include:

Former President George Herbert Walker Bush (one-time member of the Eli Lilly board of directors). Bush failed to disclose his Lilly stock and lobbied hard on behalf of Big Pharma - especially Eli Lilly.

A name from the past - former CEO of Enron, Ken “Kenny-Boy” Lay; at one-time, a member of the Eli Lilly board of directors.

George W. Bush’s former director of Management and Budget, Mitch Daniels (a former Eli Lilly vice president). Mitch Daniels, then a vice president at Eli Lilly, in 1991 co-chaired a fundraiser that collected $600,000 for the Bush-Quayle campaign.

George W. Bush’s Homeland Security Advisory Council member, Sidney Taurel (a CEO of Eli Lilly).

The National Alliance for the Mentally Ill (a recipient of Eli Lilly funding)

While working for Eli Lilly, fellow “Republican Family Values” kinda guy, Congressman Dick Armey, inserted into the Homeland Security bill on behalf of his pals at Lilly, a provision protecting Lilly from lawsuits on behalf of children stricken with autism after having thimerosal, their mercury-based vaccine, shot into their veins. According to LA Weekly, "Frist engineered the insertion." It was killed when the Federal Election Commission released a report that showed Eli Lilly's political action committee contributed more than $100,000 to GOP candidates shepherded by Frist.

Former Calif. Representative, Bill Thomas who, in 1979, roomed for a time with a fellow wad of ass, Georgia's freshman Representative Newt Gingrich, once chaired the House Ways and Means Committee making him the most important member of Congress on legislation related to health care, received from Eli Lilly $13,000 for his campaign war chest, making Lilly the number-one contributor among Thomas's long list of corporate backers.

Lilly then hired Deborah Steelman, George W. Bush's adviser on health care during the 2000 election campaign. She served with Thomas on a commission that laid out the scheme to replace Medicare with vouchers. And then.... The Bakersfield Californian reported that the Thomas and Steelman, then both married to others, were entangled in an intimate, "intensely personal" relationship with illicit romantic overtones. Yes; nothing screams "Republican Family Values" more than Republicans phucking their lobbyists for fun and profit!

Sweet! "Republican Family Values" kinda sweet!

In 2006 Eli Lilly got caught for encouraging primary care physicians to use Zyprexa, a powerful drug for schizophrenia and bipolar disorder, in patients who did not have either condition.

I end my rant with Randall L. Tobias, a former Eli Lilly chief executive who, in 2007, was deputy secretary of state responsible for U.S. foreign aid. Tobias abruptly resigned after he was asked about an upscale escort service allegedly involved in prostitution. This was the same inquiry that nailed Senator David "Diaper Boy" Vitter. Deborah Jeane Palfrey, who operated the escort service, was indicted on federal racketeering charges, was convicted, and later hung herself to avoid going to prison. She was found by her mother. Vitter, with his "Family Values", was re-elected.

The company is filled with criminals not-yet caught.

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Response to Grins (Reply #3)

Fri Dec 21, 2012, 11:02 AM

4. Zyprexa


In 2006 Eli Lilly got caught for encouraging primary care physicians to use Zyprexa, a powerful drug for schizophrenia and bipolar disorder, in patients who did not have either condition.

And people here are slammed for asking for more examination into these happy pills pharma "encourages"?

Just what the hell is going on here?

The US Gov wants to know too:

NIH.GOV: Antidepressants and Violence-Problems at the Interface of Medicine & Law

Both clinical trial and pharmacovigilance data point to possible links between these drugs and violent behaviours. The legal cases outlined returned a variety of verdicts that may in part have stemmed from different judicial processes. Many jurisdictions appear not to have considered the possibility that a prescription drug may induce violence.

...In these trials, hostile events are found to excess in both adults and children on paroxetine compared with placebo, and are found across indications, and both on therapy and during withdrawal. The rates were highest in children with obsessive-compulsive disorder (OCD), where the odds ratio of a hostile event was 17 times greater (95% confidence interval

However, the full dimensions of treatment-induced psychotic or manic reactions have yet to be mapped; some may continue for a long period after treatment has stopped

these cases need urgent examination jointly by jurists and psychiatrists in all countries where antidepressants are widely used.

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