- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Adrianne Appel2023-03-30T21:29:00
A former chief compliance officer who pleaded guilty to aiding widescale opioid distribution at a wholesale pharmacy where he worked received no jail time after testifying against his former chief executive officer.
William Pietruszewski, the former CCO of Rochester Drug Co-operative (RDC), was spared jail time by Judge George Daniels of the Southern District of New York in a ruling Wednesday. Pietruszewski’s testimony aided the Department of Justice’s (DOJ) case against former RDC CEO Laurence Doud III, who was sentenced to two years and three months in prison earlier this month.
The Pietruszewski ruling was confirmed by his legal representatives at Porzio Bromberg & Newman in a press release.
2024-09-13T18:06:00Z By Adrianne Appel
Former executives of Medly, an online pharmacy that is now shuttered, have been charged by the Securities and Exchange Commission with defrauding investors.
2023-03-14T20:53:00Z By Adrianne Appel
The Department of Justice announced its intervention in a lawsuit alleging retail pharmacy chain Rite Aid filled hundreds of thousands of prescriptions for medically unnecessary oxycodone and other opioids in violation of multiple federal laws.
2022-11-15T18:29:00Z By Kyle Brasseur
Walmart announced it agreed to a $3.1 billion nationwide settlement designed to resolve all the potential state lawsuits it faces for its alleged role in fueling the opioid epidemic.
2025-06-19T19:28:00Z By Ruth Prickett
Fraud now accounts for around 40% of all crime in the U.K., posing a major problem for banks and consumers. Ted Datta, head of industry practice for financial crime compliance at Moody’s, warns that the risk is growing fast.
2025-06-16T18:04:00Z By Neil Hodge
Trying to put rules in place to oversee an industry that has grown largely outside of regulation is not without serious challenges. But the UK’s Financial Conduct Authority’s (FCA) latest consultation aims to attract industry views about how some key aspects of crypto trading should be regulated ahead of planned ...
2025-06-12T15:51:00Z By Neil Hodge
Europe’s pioneering data protection legislation turned seven years old in May, but the compliance and enforcement difficulties that have dogged the rules since they came into force look set to present both companies and data regulators with fresh headaches for some time to come.
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