Press Releases

DOJ White Collar Crime Unit Prosecuting $888,500 Fraud Case After Arrest of Brett “Mac” McClafferty

St. Thomas, U.S. Virgin Islands — V.I. Attorney Gordon C. Rhea announces that Brett “Mac” McClafferty, 37, was advised of his rights during a hearing held today at V.I Superior Court. He was arrested in connection with a financial fraud investigation involving multiple alleged fraudulent banking transactions and is charged with Grand Larceny, Passing or Possession of Forged Bills, Obtaining Money by False Pretense, Making and Passing Fictitious Bills and Notes, and Drawing and Delivering Worthless Checks. The matter is being prosecuted by the Virgin Islands Department of Justice (DOJ) White Collar Crime and Public Corruption Unit.

Attorney General Gordon C. Rhea Announces Settlements With Lannett And Bausch Totalling $17.85 Million Over Conspiracies To Inflate Prices And Limit Competition, Announces New Complaint Against Novartis, Sandoz AG And Sandoz Group AG

U.S. Virgin Islands — V.I. Attorney General Gordon C. Rhea joined a coalition of 48 states and territories announcing two settlements with Lannett Company, Inc. (“Lannett”) and Bausch Health US, LLC and Bausch Health Americas, Inc. (“Bausch”), totaling $17.85 million to resolve allegations that both companies engaged in widespread, long-running conspiracies to artificially inflate and manipulate prices, reduce competition, and unreasonably restrain trade with regard to numerous generic prescription drugs. As part of their settlement agreements, both companies have agreed to cooperate in the ongoing multistate litigations led by Connecticut against 30 corporate defendants and 25 individual executives. Both companies have further agreed to a series of internal reforms to ensure fair competition and compliance with antitrust laws.