NY AG uncovers $1 billion in Sackler family wire transfers amid opioid probe: report

The New York Attorney General's Office has allegedly uncovered $1 billion in wire transfers by the Sackler family, which owns Purdue Pharma, which could suggest attempts to hide its wealth as it faces litigation over its role in the opioid crisis.

The transfers include some done through Swiss bank accounts, The New York Times reported.

State Attorney General Letitia James (D) reportedly issued subpoenas last month to 33 financial institutions and investment advisers in an attempt to fully discover the family's wealth.

"While the Sacklers continue to lowball victims and skirt a responsible settlement, we refuse to allow the family to misuse the courts in an effort to shield their financial misconduct," James told the Times in a statement. "Records from one financial institution alone have shown approximately $1 billion in wire transfers between the Sacklers, entities they control, and different financial institutions, including those that have funneled funds into Swiss bank accounts."