A supervisor at a Long Island drug manufacturing company is facing charges for allegedly stealing more than a million dollars worth of medical products and selling them to trainers and veterinarians at New York racetracks.
Bethpage resident Gregory Settino, 58, was indicted this week and charged with the theft of medical products and making false statements to a federal agent.
Settino was the production supervisor of manufacturing at Luitpold Pharmaceuticals, Inc. in Shirley, which was renamed American Regent last January.
One of the products manufactured at Luitpold and American Regent was Adequan, an injectable equine drug administered to horses with degenerative joint disease and sold throughout the United States.
Between 2012 and January 2020, Settino allegedly stole thousands of bottles of Adequan from Luitpold and American Regent valued at more than $1 million, and sold those drugs to horse trainers and veterinarians at New York racetracks, including Belmont Park, for more than $600,000.
Federal prosecutors said that Settino’s conduct endangered the health of horses because the drugs were not maintained, stored or transported in accordance with proper procedures for ensuring the safety, effectiveness and efficacy of the drugs.
At times, Settino also allegedly transported the drugs in shoeboxes stored in his car. At all times, the drugs were handled in violation of the FDA regulated supply chain.
Settino doubled down on his scheme in January this year, when he falsely told an FDA special agent that he had stolen less than 100 bottles of Adequan from his employers.
“As alleged, Settino abused his