USA v. DEVOS LTD. et al

  1. March 16, 2017

    Pa. Jury Urged To Reject $116M Drug Refund Fraud Charges

    A Pennsylvania jury was urged during closing arguments on Thursday to reject charges that the CEO of a drug refund company concocted a scheme to bilk customers, including the U.S. Department of Defense, out of $116 million they should have received for their unwanted medications.

  2. March 09, 2017

    Law Prof's Testimony Tossed In $116M Drug Return Co. Suit

    A Pennsylvania federal judge on Wednesday granted the federal government’s request to bar a University of Pennsylvania Law School professor from testifying in a case alleging Guaranteed Returns stole $116 million in refunds from pharmaceutical manufacturers.

  3. March 07, 2017

    Feds, Drug Return Co. Spar Over Law Professor's Testimony

    Guaranteed Returns on Tuesday defended its request to have a University of Pennsylvania Law School professor testify about whether the drug return company's contracts allowed it to keep $116 million worth of refunds from pharmaceutical manufacturers, even though federal prosecutors maintain her testimony is barred because it draws a conclusion on the case.

  4. February 27, 2017

    Feds Blast Drug Return Co.'s 'Puffery' Defense In $116M Fraud

    Statements from Guaranteed Returns' promotional materials used while the company allegedly stole $116 million in refunds from pharmaceutical manufacturers can show it engaged in fraud and are not simply "puffery," Pennsylvania federal prosecutors argued Monday.

  5. February 23, 2017

    'Puffery' Isn't Fraud, Says Drug Return Co. In $116M Case

    Guaranteed Returns on Wednesday urged a Pennsylvania federal court to tell a jury that puffery or sales talk is not fraud, in the midst of a trial alleging that the company — which helps the government and providers return expired drugs — stole $116 million worth of refunds from pharmaceutical manufacturers.

  6. February 01, 2017

    Drug Refund Co. Slams $116M Theft Claims In Trial Opener

    A trial over the alleged theft of $116 million in refunds for unwanted medications kicked off in Pennsylvania federal court on Wednesday as a jury heard arguments from defendant Guaranteed Returns accusing prosecutors of inflating a simple contract dispute over its handling of the pharmaceutical products into a criminal case.

  7. January 24, 2017

    Pharma Refund Co. Can't Nix Evidence Of Money Laundering

    A pharmaceutical refund company can’t stop the government from offering evidence that the company laundered money before receiving payments from manufacturers, a Pennsylvania federal judge said Tuesday, rejecting arguments that the information would contradict prosecutors’ previous arguments.

  8. January 19, 2017

    Devos Wants Evidence Barred In Money Laundering Case

    A pharmaceutical refund company on Wednesday asked a Pennsylvania federal judge to bar the government from presenting evidence it engaged in money laundering activity before it received payments from manufacturers, saying such evidence would contradict the government’s previous arguments.

  9. January 11, 2017

    Drug Return Co. Loses Bid To Trim $116M Diversion Case

    A Pennsylvania federal judge on Tuesday shot down attempts by Guaranteed Returns to remove a money-laundering charge and suppress evidence from litigation alleging the company — which helps the government and providers return expired drugs — stole $116 million worth of refunds from pharmaceutical manufacturers.

  10. May 05, 2015

    Drug Return Co. Worker Pleads Guilty In $116M Diversion Plot

    An information technology employee pled guilty Monday for helping his employer, pharmaceutical reverse distributor Devos Ltd., allegedly divert $116 million worth of refunds that pharmaceutical manufacturers had directed to government agencies and health care providers, Pennsylvania federal court records show.