Bolar's ex-CEO pleads guilty to conspiracy Robert Shulman directed generic drug fraud.

November 08, 1991|By Kelly Gilbert | Kelly Gilbert,Evening Sun Staff

Robert Shulman, Bolar Pharmaceutical Inc.'s former president, chief executive and board chairman, has pleaded guilty to conspiracy, obstruction of justice and other charges tied to fraud in the company's generic-drug operation.

First Assistant U.S. Attorney Gary P. Jordan said in U.S. District Court in Baltimore yesterday that Shulman also has agreed to plead guilty to an unspecified antitrust violation to be filed here soon by the U.S. Department of Justice.

Lawrence G. McDade, assistant director of the Justice Department's consumer litigation office, told Judge John R. Hargrove yesterday that Shulman and Jacob H. "Jack" Rivers, Bolar's former executive vice president, masterminded the company's massive fraud to skirt federal procedures in the manufacture and sale of its highly profitable products for six years.

Rivers and two other former Bolar officials, Charles G. DiCola and Arnold S. Mendell, are under indictment on conspiracy and related charges. They are scheduled to stand trial here in May.

Shulman, 58, of Centerport, N.Y., pleaded guilty yesterday to wire fraud and two false statement counts in addition to the conspiracy and obstruction charges.

He faces a minimum sentence of five years and three months in prison without parole, plus up to $1.25 million in fines if he fulfills his cooperation agreement, Jordan said. Sentencing is set for July 10.

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