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Former CEO of drug company first to face charges in opioid crisis

NBC News logo NBC News 4/23/2019 Tom Winter and Elisha Fieldstadt

The former CEO of a major drug distribution company is the first to face criminal charges related to America's opioid crisis.

Laurence Doud III, the former CEO of Rochester Drug Co-Operative, was indicted Tuesday by a federal grand jury in Manhattan on charges of narcotics conspiracy and conspiracy to defraud the Drug Enforcement Administration.

He is accused of distributing tens of millions of oxycodone, fentanyl, and other opioids that Rochester's own compliance department allegedly found had no legitimate need for them.

The U.S. Attorney's Office for the Southern District of New York is expected to hold a news conference regarding the charges on Tuesday afternoon.

This is a developing story. Check back for updates.

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