A possible settlement to resolve thousands of federal and state lawsuits the Sackler Family would give up ownership of Purdue Pharma the company blamed for much of the opiate epidemic and pay 3000000000. 00 of their own money but for that but the punishment for the socceroos wouldnt end there the times goes on report that in addition to that there are 3000000000. 00 cash payout the sackless would sell another drug company they own monday pharma and contribute an additional 1500000000. 00 from the proceeds. This could essentially force the Sackler Family out of the opioid business to the tune of 4500000000. 00 just their own expenses but are just bankruptcies and fines and does that bring justice to the millions upon millions of lives destroyed by the Opioid Epidemic lets find out as we start watching the whole us. Go to. The. Real thing its like. As you said a lot of. What they like you know that i got. With. This. Is exactly. What the watching the harks i am tyrrel for the time topical i. Live you know tablets interesting because youve actually ive we have ordered through a long time and i would say probably the Sackler Family in the for per do pharma is probably a close 2nd to lead the jeffrey upstream case for something that youve followed for a long time since you started this group like digging into what their accountability and what they have done through the Opioid Crisis yeah theyve got a lot of you do i do have a way some of the worst you know as a woman on the internet you sort of are used to a certain amount of the rats or foul things coming to you but it was actually a the idea that i suggested even 6 or 7 years ago 6 years ago that the pharmaceutical companies were paying doctors and they were the ones pushing mass and thats what was pushing me and i got a lot of a lot of heat for it and now here we are and every. Also on this show we reported a couple of years ago about how the Sackler Family was going to look into after moving into the same thing pay. Management in china in africa and in india that company was of course moon do farm out which is part of this big settlement so 2 under this settlement Purdue Pharma gets restructured under chapter 11 bankruptcy that means that to goes from being a private company hauled by the Sackler Family into a public Beneficiary Trust so whatever they make from this point forward goes into a trust which then pay all the profits go to plaintiffs in the case which of course as we see more and more of these are municipalities small towns counties states and also native tribes Indigenous People of the country who sued them for things theyve done on tribal lands in addition they are family or produce farm is has been working on the. Addiction treatment drugs which oddly enough have taken them for ever so long to figure out they have all these things to help fight the addiction the disease that they are using to profit off of sick people and so now here you have they are saying that in part of this settlement would be that they would have to fast track their developer they would be under right now theyd have to give them to the public for free at no charge and also that they would fast track review status by the f. D. A. In order to get those anti addiction drugs on the market as quickly as possible for. Us to grow them to lose some she would remain so we were just going to blow the school ive never heard about before the blood come you know the basic we are sorry your company is now going to be just giving money to the public for all of the sims you committed thats incredible well i think you know that they were going to try to do this thing where you know theres always this well well get these settlements but then theyll just go bankrupt and in this case i think there was the chance that well keep coming after you and people will keep coming after you if you dont take were. Sponsibility for us and you talk about responsibility their responsibility is coming to the to move almost 10. 00 to 12000000000. 00 i mean the value of profits from the new trust in the donations is estimated to be somewhere between 7. 80 this would actually put the total cost of the settlement when you include the 3000000000. 00 from the soccer family that they personally have to put into this to about 10 to 12000000000 dollars all together and you know all that kind of raises the question is that enough you know is that them suffering enough should they go to jail its got a lot of the same questions we got from wall street with wall street crash economy you know are forums enough are just you know bailing out the ones they got exactly so maybe they learned something and this is what should have happened when the banks failed the should have happened when Insurance Company has failed not the taxpayer paying for it in this way we still keep the drugs that help we can actually figure out ways to minimize that and theyre going to have to pay for the damage that they rot most awfully so purdue wants to achieve what its calling a global settlement and that is an agreement with all the parties and all of the lawsuits to end all of them one big massive pay day so it would be about 10 states are at the negotiating table up in the air is whether the other 38. 00 or so states that have filed lawsuits will agree there is also a larger group of 34000 cities and counties that have not yet filed lawsuits that would like to be bound to the agreement that also there you know you talked about their closing monday farm i think what youre going to have is theyre closing because theres literally no way for them to even go forward they made a fortune killing people another place for you know. Just 2 short years ago in 2017 business tycoon Warren Buffett told shareholders at a Berkshire Hathaway annual meeting that i dont know that much about cyber but i do think thats the number one problem with mankind. I dont know that i can disagree with them of course of the tie in berkshire how the way specialty insurance had already successfully launched 2 insurance plans that covered both the costs associated with a cyber attack and any liability for it which was a Good Business decision as cybersecurity ventures reported recently that there was a new Ransomware Attack on a business or public resource every 14 seconds in 21000 in addition they estimate that by 2021 they will happen every 11 seconds and fact the fear is so real that the city of baltimore announced this week that after a terrible attack on the city in may of this year they would transfer 6000000. 00 from the Parks Department to pay for the costs of the Ransomware Attack and that they were considering purchasing insurance of course this comes of a pro publica piece by Senior Reporter rene dudley which found that the f. B. I. And security researchers say paying ransoms contributes to the profitability and spread of cybercrime in the some cases may ultimately be funding terrorist regimes so why do Insurance Companies pay the did data kidnappers time after time will cause its more profitable to pay the ransom than to pay to fix the problem out there. It is that many cyber experts say that are causing the ransom attempts to soar and attempts to multiply and as Insurance Companies across the world look to get a piece of the market expected to be worth over 23000000000 by 2025 want us to wonder if their profits are worth putting small towns and Public Services across the globe more risk than ever before that is incredible Insurance Companies making money off. Of this room somewhere you know mr powell who is being held hostage by this room somewhere you know and its supposed to be sort of new and it is new to an extent lloyds of london who famously you know i think they insured j. Los legs. Behind i mean something so lloyds of london one of the oldest insurers in the world actually put the phone. Cyber security insurance policy out on the market in the ninetys 99. 00 actually so right before its ok theyre everywhere tonight so theyre actually they built the market and thats kind of where everybody started copy is what lloyds of london for those are the home of dont go follow the high tech stories you know what is ransomware youre my mother would be sort of like ive never heard a room somewhere you know read somewhere basically it comes in attachments infected Software Apps infected external storage devices and compromised websites and one of the facts that locks the files of the systems on that network and thats where the hackers are going to come in and say hey we can unlock all this if you pay us all you know usually those payments come in the form of what bitcoins give us x. Amount of bitcoin is and will give you back all of your networks and all of your you have these Insurance Companies just pay the room where i am not what happened in lake city florida or the city of lake city florida. I dont make the names not this or i just report them but so really in the summer they got hit with a ransom or attack for about 2 weeks they couldnt access a lot of their files or their systems that the mayor in the city Council Voted without any debate without anything to do what the Insurance Company said which was which was also was a subsidiary an underwriter of lloyds of london. So they voted no debate which was just pay them the 42. 00 bitcoins that the person is asking for what they didnt consider what they didnt mention a lot of their statements was that their idea department was already looking at a way to recover those without paying. But they were like metal take too much so instead they paid 42. 00 big ones which of the time was the equivalent of like 460000. 10 thousands of 1000. 00 of that and they had to be paid by the city for the deductible of the insurance policy and one person lost their job. That is ridiculous to me. And thats thats what happened so mike lee. Who is the lake city spokesman told the press our Insurance Company made the decision for us at the end of the day it really boils down to the business decision on the insurance side of things than looking at how much its going to cost to fix it ourselves and how much its going to cost to pay the ransom while im shocked im sure to find out that this whole hey pay ransom or is somehow made ransoms get bigger and want like theyre going to kidnap more people if you bring them right you always know not to do that i mean look quickly according to a point from london based on the loss ratio for cyber policies in the us was 35 percent in 2018 that means for every every dollar in premiums companies are paying out 0. 35 the loss ratio for Property Casualty insurance is 62 percent for every dollar premiums are paying out 62 percent so size their concerns is twice at least 2 times more profitable than any other kind of insurance and they keep a memorandums it keeps going up never keep buying the insurer makes you wonder if theres a connection between that and i wonder as an artist were going to break rock watchers dont forget to let us know what you think of the topics weve covered all our social media be sure to check out watching the box the podcast is now available on spotify apple music and everywhere listen the podcast coming up we dig into the money and connections Jeffrey Epstein cultivated in the worlds of science and technology with journalist but this one and all of this this take to the bottom of the. Anyone else seems wrong. Why dont i just dont. Get to see. These days actually. And again. The trail. Find themselves well the part. Of the common ground. 0 officer. Told him to get up off the ground begin to pet him down. And then freeze on the sounds of kind of fighting into a grown man like mislead essentially officer hurley. Through his or her own. Twisted away from the officer. Out of his crew. The obvious or did they kind of lunge for the weapon once missed and then when it happened on tree swung at bobs his hands didnt hit him i never saw any contact me to do any kind of went back to where they were so the officers back here there try again 15 feet apart at this point and thats when the officer pulled out his gun and aimed it on tree. What holds is something to. Put themselves on the line. They get accepted or rejected. So when youre the president should. Do something i want to. Achieve right. This is what. Were going to be. Interesting always a. Big complicated web of connections deceptions and money that jeff or abstain cultivate and as life to help insulate is crimes of child sex trafficking and pedophilia is coming more and finally coming more and more into view our quaters well stance political and hollywood connections have made headlines its his kind of relationship some Financial Connections to many high profile members of the scientific and tech communities that are now finally being looked into these connections have included the likes of world famous mathematical biologists out of harvard martin o. Axillary physicist Lawrence Krauss and a host of other individuals and institutions in fact many of these individuals and institutions continued accepting abstains financial friendship long after his conviction of soliciting a minor for prostitution in 202011 warrants krauss actually told the daily beast quote i dont feel tarnished in any way by my relationship with jeffrey i feel raised by it im sure that 250000 he received from the stands foundation that we know of and hands to education help that uplifting feeling joining us now to dig deeper into mr epsteins connections to the world of science tech and academic is the founder of truth and media. Thanks for joining us ben. That me and then tab at the mention of physicist Lawrence Krauss mathematical biologist martin oh well theres so many other names and institutions now being tied to epstein and what are some of the other ones that were talking about now because there are huge institutions and big names in that world. There are huge institutions were talking about well you mentioned the universities so in mighty harvard both receive them mount sinai their school of medicine in new york they received funding as well as the institute in santa fe its called the center for a institute in new mexico received a lot of money over the years from him there by the way the only organization thats talking about actually giving the money away everybody else to say no that theyre going to keep it the Melanoma Research alliance which you mentioned Lawrence Krauss was a part of so were seeing that there were a lot of these different organizations that received money from him science organizations but lets be real here theres a reality to what was taking place is that Jeffrey Epstein was making a move to attempt to reform his image between 2008 and 2009 and 20172 1018. 00 and thats when this money was being given away in fact according to some filings he was giving away as much as 20000000. 00 a year to different Science Research firms he wanted to set himself up as a science philanthropist and so he was seen that way by a lot of people within that world and because of that it gave him some credibility is specially with media to treat him differently while oh. You know after you learn that geoffrey apps a gave 800000. 00 to Mit Media Lab alone and professor sacked lloyd mit president wrapped in a long email to the mit community stated to geoffrey abstains victims on behalf of them i. T. Administration i offer a profound and humble apology and response we will commit an amount of equal to the funds mit received from any abstain foundation to an appropriate charity that benefits its victims or other victims of sexual abuse has this kind of response been the exception or the norm as sort of more and more names are coming out and theyre like oh no now were tied to absence of money what are we going to have to do. Yes so far its been the exception most of these organizations havent said much about it but all as i mentioned the Santa Fe Institute where he obviously had a home in new mexico has said that theyre looking at possibly giving away that donation that he made to some other charity but they havent said where it would go and so i think its you know so far everyones kind of waiting to see how much flack they actually get from this i got to tell you guys you may be surprised by this i dont even mind that he gave money to these organizations i know some people feel like its dirty its blood money but the money that he had didnt have to do with the crimes that he was perpetrating against these young girls and in some cases children so i dont care that he gave money away in the organizations that received i have a bigger problem as a media guy with the fact there were 3 different major publications huff po Forbes Magazine and one other that essentially wrote puff pieces about his philanthropy they wrote puff pieces about what he was giving money away to and in some cases essentially there were ghost writers who would write these pieces about how Jeffrey Epstein was so generous and he was fighting against trumps war against science and tribes war against. Every science and he knew the environment thank you and i admire him and essentially these these articles were fake articles that were written by some p. R. Firm they were submitted they were run in these different magazines the new yorker wrote a glowing piece about him and how much money he had given away and this was taking place over the course of several years and thats what i have a bigger problem with not that he was giving money away but that giving money to these institutions or organizat