FedEx charged with money laundering over alleged drug shipments

By Christine Duhaime | August 14th, 2014

FedEx Corp. has been indicted over allegations of money laundering in connection with five shipments it made of alleged illegal prescription drugs from online pharmacies in which several persons are alleged to have died. According to ABC News, FedEx faces a $1.6 billion fine if found guilty.

According to the indictment, online pharmacies sent controlled drugs without legal prescriptions to consumers and used proceeds of crime (from their illegal drug sales) to pay their FedEx bills.

The money laundering charges were added to an existing indictment against the company in respect of the shipment of drugs and controlled substances that was the result of a nine-year investigation. The original indictment charged FedEx with conspiracy to distribute controlled substances and distribution of controlled substances.

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