John Kapoor

John Nath Kapoor (born 1942/1943) is an American multi-millionaire, pharmaceutical entrepreneur, former CEO of Insys Therapeutics, and majority shareholder in the generic drug manufacturing company Akorn. In the fall of 2017, Kapoor was arrested and charged with numerous felony counts including RICO conspiracy, conspiracy to commit wire fraud, and other crimes. He was found guilty on all counts, and those convictions were upheld on appeal.

Early life John Nath Kapoor was born in Amritsar, Punjab Province, British India, into a family of modest means. He later moved to Mumbai, where he graduated from the Institute of Chemical Technology (formerly UDCT) with a degree in pharmacy. After moving to the United States, he attended the University at Buffalo on a scholarship and obtained a doctorate in medicinal chemistry in 1972.

Personal life Kapoor moved from India to Lake Forest, Illinois. He has four children. The John and Editha Kapoor Charitable Foundation, which supports the fight against cancer, was named after his late wife Editha, who died of breast cancer.

Legal issues In October 2017, Kapoor was arrested in Arizona and charged with RICO conspiracy, conspiracy to commit wire fraud, and conspiracy to violate the Anti-Kickback Law. U.S. Attorney William Weinreb said the charges reflected authorities' commitment to combat the opioid epidemic. Shortly after the charges were announced, Kapoor resigned from the Board of Insys Therapeutics.

On May 2, 2019, Kapoor was convicted of engaging in a racketeering conspiracy to increase the profits of his company's opiate painkiller, Subsys. On January 23, 2020, he was sentenced to 5.5 years in prison and described as a "former billionaire"; Federal prosecutors had asked for 15 years. His convictions and sentence were affirmed on appeal. Kapoor was incarcerated at Duluth FPC, a minimum security federal prison camp and released in June 2023 after serving 2 years of 5-1/2 year sentence. The court also ordered him to pay $6.75 million in legal fines and $59 million in restitution. Kapoor was portrayed by Andy Garcia in the Netflix movie Pain Hustlers released in October 2023.