| | | Fauci's Royalties And The $350 Million Royalty Payment Stream
Last year, the National Institutes of Health – Anthony Fauci’s employer – doled out $30 billion in government grants to roughly 56,000 recipients. That largess of taxpayer money buys a lot of favor and clout within the scientific, research, and healthcare industries.
However, in our breaking investigation, we found hundreds of millions of dollars in payments also flow the other way. These are royalty payments from third-party payers (think pharmaceutical companies) back to the NIH and individual NIH scientists.
We estimate that between fiscal years 2010 and 2020, more than $350 million in royalties were paid by third-parties to the agency and NIH scientists – who are credited as co-inventors.
Because those payments enrich the agency and its scientists, each and every royalty payment could be a potential conflict of interest and needs disclosure...
Consider how NIH is using taxpayer money to try and keep taxpayers ignorant and in the dark:
1. NIH defied the federal Freedom of Information Act law and refused to even acknowledge our open records request for the royalty payments. We filed our FOIA last September.
2. NIH used expensive taxpayer-funded litigation to slow-walk royalty disclosures (releasing the oldest royalties first). Although the agency admits to holding 3,000 pages, it will take ten months to produce them (300 pages per month). With Judicial Watch as our lawyers, we sued NIH in federal court last October.
3. NIH is heavily redacting key information on the royalty payments. For example, the agency erased 1. the payment amount, and, 2. who paid it! This makes the court-mandated production virtually worthless, despite our use of the latest forensic auditing tools
NIH is essentially telling you, the taxpayer, to pay up and shut up. They'll run things. They have forgotten that they work on behalf of the American people.
openthebooks.com
Message 33836930 |
|
