According to the United States Attorney for the Eastern District of New York, Gregory Settino of Bethpage, New York, has pleaded guilty on December 4th to charges related to the theft of Adequan from his employer and then selling those drugs at New York tracks on. The 58-year-old Settino faces up to 20 years in prison, a fine of up to $25,000 and restitution to his former employer.
According to U.S. Attorney Seth DuCharme, Settino stole thousands of bottles of the drug, which he then resold to trainers and vets. The federal prosecutors outline the scheme in court filings and facts admitted to the court. As the production supervisor of manufacturing at Luitpold Pharmaceuticals (previously American Regent), Settino stole thousands of bottles of the drug used for degenerative joint disease between 2012 and January 2020. The value of the drugs valued at more than $1 million and Settino sold those drugs for $600,000.
Adequan can be safely used for horses and is approved by the FDA for equine use, however, Settino did not handle or store the drugs properly. They were transported, at times, in a shoebox in his car. At all times, they were mishandled and inviolation of the FDA-regulated supply chain. Therefore, the drugs potentially endangered the health of the horses.