MIAMI, Oct. 1 (UPI) -- Pharmaceutical executive Jack Kachkar was arrested and charged with fraud in a $100 million scheme that helped topple one of Puerto Rico's largest banks, the Justice Department said.
Kachkar, 53, was arrested on eight counts of wire fraud for allegedly using his publicly traded pharmaceutical company, Inyx Inc., to defraud Puerto Rico's Westernbank out of more than $100 million in two years.