The market is ignoring a massive elephant in the room at Valeant (VRX)
Guys, there's something missing here.
Two former executives — from Valeant Pharmaceuticals and its defunct pharmacy, Philidor — have been arrested and charged with committing fraud to personally enrich themselves.
We're talking alleged kickbacks, some wire fraud, Travel Act Conspiracy. But what's missing is any mention of anything that the Department of Justice has been investigating Valeant for, for over a year.
And, more importantly, what's missing from Thursday's complaint tells u
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