×
In

September 29, 2026 / 4:03 PM EDT / CBS News

\n\n

Two Indian nationals have been indicted on conspiracy and smuggling charges related to an international scheme to sell counterfeit Ozempic to U.S. distributors, according to court filings unsealed on Tuesday.

\n\n

Swapnadip Roy, 33, and Vicky Ramancha, 37, who are both residents of Dubai and Indian citizens, were indicted in the Middle District of Florida in 2025 for allegedly smuggling counterfeit Ozempic to distributors in the United States at discounted prices.

\n\n

Roy and Ramancha allegedly smuggled and sold thousands of counterfeit units of the popular weight-loss drug into the U.S. from unauthorized manufacturers in China, subverting the highly regulated wholesale distribution market in the U.S. that is overseen by the Food and Drug Administration.

\n\n

Roy made his initial appearance in federal court on Tuesday after being extradited from Italy to the U.S. Ramancha is still at large.

\n\n

Roy and Ramancha are charged with one count of conspiracy to commit smuggling and to defraud the U.S., three counts of smuggling, and two counts of selling counterfeit drugs and holding counterfeit drugs for sale. If convicted, they each face a maximum penalty of 71 years in prison.

\n\n

The scheme began in July 2023…

Original source: https://www.cbsnews.com/moneywatch/

Leave a Reply

Your email address will not be published. Required fields are marked *

Author

seoexperts1994@gmail.com

Related Posts

In

Is now a good time to buy gold for retirement? How gold prices can affect a 401(k) rollover decision

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. September 30,...

Read out all
In

Can you use a 401(k) to buy gold? What investors should know before rolling over retirement funds

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. September 30,...

Read out all
In

$67 billion NextEra-Dominion merger could raise U.S. electricity prices, lawmakers say

September 30, 2026 / 12:00 PM EDT / CBS News Democratic lawmakers are warning that the proposed $67 billion merger between NextEra...

Read out all
In

Trump administration begins sending $500 ACA refund checks to nearly 1 million Americans

Updated on: September 30, 2026 / 1:37 PM EDT / CBS News The Trump administration said it will start sending refund checks...

Read out all
In

Fed watchdog finds no laws broken in $2.5 billion Fed renovations Trump has called “disgraceful”

Updated on: September 30, 2026 / 1:14 PM EDT / CBS News Washington — The Federal Reserve's inspector general announced Wednesday that...

Read out all
In

These are the best foodie cities in America, according to WalletHub

True foodies know that some cities just have better eats than others. WalletHub has released its rankings of the Best Foodie Cities...

Read out all