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Hi-Tech Pharmaceuticals 4 articles

Supplement execs to pay $40M in sanctions

A notorious Georgia entrepreneur, his dietary supplement company, and two other executives were ordered by a Georgia federal Judge to pay $40.1 million in compensatory sanctions for allegedly violating an injunction in a Federal Trade Commission (FTC) lawsuit. Hi-Tech Pharmceuticals CEO Jared Wheat, Senior Vice President Stephen Smith, and Dr. Terrill Mark Wright, had been barred from making unsubstantiated claims about Hi-Tech’s diet pills but violated the permanent injunction by printing misleading advertisements about four of Hi-Tech products. “The record is clear that the misrepresentations were material, were widely disseminated, and that consumers purchased these four products,” U.S. District Judge ... Read More

Supplement maker faces criminal charges

A Georgia-based dietary supplement maker and its CEO are facing 18 criminal charges for a variety of questionable business practices that, if proven, could land the supplement entrepreneur to prison for the third time in less than a decade. CEO Jared Wheat and his company Hi-Tech Pharmaceuticals, Inc., were named in the federal indictment, which accuses both of wire fraud, money laundering, introducing misbranded drugs into interstate commerce, and manufacturing and distributing controlled substances. Hi-Tech’s director of contract manufacturing, John Schopp, is also named in some of the charges. Wheat and Schopp are accused of creating counterfeit documents to appear ... Read More

Harvard researcher sounds alarm over potentially dangerous dietary supplements

Dr. Pieter Cohen, assistant professor at Harvard Medical School and internist at Cambridge Health Alliance, became enamored with studying dietary supplements after seeing Brazilian immigrant patients with a concerning list of symptoms – palpitations, panic attacks, and kidney failure. He surmised the source of the symptoms was Brazilian diet pills that contained amphetamines, antidepressants and benzodiazepines. Soon after, Cohen began churning out studies on dietary supplements, finding that many contained hidden ingredients that could harm consumers. In the U.S., dietary supplements are not regulated by the Food and Drug Admiration (FDA) in the same way as prescription drugs. Products such as ... Read More

More than $2 million in illegal dietary supplements seized from Hi-Tech Pharmaceuticals by the FDA

Due to the presence of the unapproved food additives known as 3-Dimethylamylamine HCl (DMAA) or its chemical equivalent, U.S. marshals have seized more than $2 million worth of dietary supplements manufactured and held by Hi-Tech Pharmaceuticals, Inc. at the request of the U.S. Food and Drug Administration (FDA) and its investigators. According to the complaint filed in the U.S. District Court for the Northern District of Georgia, the illegal products were adulterated, as said by the Federal Food, Drug, and Cosmetic Act, because of the DMAA, an unapproved food additive found to be unsafe for the public. The use of ... Read More