Ex-drug company executive sentenced to one year in prison for stealing thousands of bottles of Adequan – Reuters

The U.S. Attorney for the Eastern District of New York released the following statement on Wednesday, April 20 regarding the sentencing of Gregory Settino, 58, of Bethpage, NY:

In Central Islip federal court, Gregory Settino, a resident of Bethpage, New York, was sentenced by U.S. District Judge Joanna Seybert to one year and one day in prison for theft of approximately $750,000 worth of medical products . The court also ordered Settino to pay restitution of $847,093.

Breon Peace, United States Attorney for the Eastern District of New York, and Ronne G. Malham, Acting Special Agent for the Food and Drug Administration, Office of Criminal Investigations, New York Field Office (FDA-OCI), have announced the sentence.

“Today’s sentence is the finish line of Gregory Settino’s criminal conduct. He stole thousands of drug bottles, ignored safe handling practices and allowed them to be given to horses at New York racetracks without concern for the health of animals – focusing solely on one’s own personal gain,” the United States Peace Attorney said. “Those who compromise the safety of drugs and endanger the health of others will be held accountable and will suffer serious consequences.”

“The FDA guarantees that veterinary drugs are safe and effective to keep animals healthy. Drugs that are taken out of the legitimate supply chain pose a risk to the animals that take them,” Acting Special Agent in Charge Malham said. “We will continue to investigate and bring to justice those who endanger animal health.”

As admitted during the defendant’s plea, Settino, the production supervisor of a Long Island drug manufacturer, American Regent formerly Luitpold Pharmaceuticals, Inc. in Shirley, New York, Settino stole Adequan, a drug manufactured the low. Adequan is an injectable equine drug given to horses to treat degenerative joint disease $750,000 for hundreds of thousands of dollars to trainers and vets at New York racetracks, including Belmont Park. Settino’s conduct endangered the health of the horses because the medications were not maintained, stored, or transported according to proper procedures to ensure the safety, efficacy, and effectiveness of the medications. At times, Settino carried the drugs in shoeboxes stored in his car.

The government’s case is being prosecuted by the Bureau’s Long Island Criminal Division. Assistant United States Attorney Charles P. Kelly is in charge of the prosecution.