Drug company's billionaire ex-CEO arrested in nationwide bribery scam

The racketeering, conspiracy and fraud charges against John Kapoor of Phoenix, Arizona, stem from his time at Insys. Six other former executives were charged and arrested in the same case late last year.
1:47 | 10/27/17

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Transcript for Drug company's billionaire ex-CEO arrested in nationwide bribery scam
I Oka crisis and the fallout from president Trump's decision to declare a health emergency. Has announcement came as the billionaire CEO of a drug company was arrested on Thursday. He's accused of using fraud to sell a narcotic that's eighty times more powerful than morphine. President trump declaring a public health emergency calling opiates the worst drug crisis in American history is time deliberate Erica. Of drug addiction we can be the generation. That ends the open healing it epidemic we can do. The president's public health declaration means patients in rural areas can reach doctors and obtained prescriptions to treat addiction by phone or the Internet. And it lips bureaucratic red tape. Allowing more funding for treatment centers in all fifty states but the president stopped short of declaring a national emergency instead calling it a public health emergency. Which means his action does not come with any additional federal money to address a crisis or killed nearly 100 people every day. When I would say did the president on that is. Show me the money. The president's statement words for that the money. Trump offering a personal story about his older brother who died of complications from alcoholism in 1981. They had a problem he had a problem with alcohol. And he would tell me. Don't drink. Don't drink the announcement comes as authorities arrest a drug companies billionaire CEO. He and other executives at insist therapeutics are accused of bribing doctors to over prescribe their drugs so obsessed a powerful opiate. His attorney already signaling a not guilty plea. Why does is no evidence against and we didn't do any wrong. Well if he is convicted he could face 25 years behind bars. Several other doctors also face charges.

This transcript has been automatically generated and may not be 100% accurate.

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