BOSTON — Grimy Times has learned that a California man has been arrested and charged in federal court in Boston for his alleged involvement in a money laundering conspiracy.
Jimmy Fu, 63, of West Hills, California, was charged with one count of a money laundering conspiracy. Fu was arrested on October 30, 2024, and appeared initially in the Central District of California where he resides. Following an initial appearance today in federal court in Boston, Fu was allowed to remain on conditions of release.
According to the charging documents, law enforcement has been investigating two online pharmacies believed to be operated out of India that advertised controlled substances for sale and distributing misbranded and counterfeit drugs, including drugs that contain controlled substances. The investigation revealed that online orders placed by customers in the United States were filled in several ways, including by illicit pill press locations operating in the United States as well as via shipments from overseas locations.
During the investigation, a variety of counterfeit prescription drugs, some of which contained controlled substances, were obtained via 18 undercover purchases. One undercover purchase of 60 Adderall pills was found to contain methamphetamine and caffeine. Another undercover purchase of 90 Adderall pills contained no active pharmaceutical ingredient.
It is alleged that Fu was identified as the operator of Axson Engineering, Inc., doing business in Canoga Park, California, as “Axson Data.” The business allegedly processed customer payments for controlled substances from the online pharmacies and wired the proceeds of these illegal purchases to various businesses located overseas.
A review of all of Axson’s bank accounts allegedly revealed thousands of checks deposited from individuals across the United States, including Massachusetts, for various amounts of money ranging from hundreds to thousands of dollars. At least some of these payments allegedly correspond to purchases from the network of online pharmacy websites. It is alleged that, between January 2021 and August 2024, Axson accounts appeared to have received approximately $11.5 million from individuals across the United States.
The charge of money laundering conspiracy provides for a sentence of up to 20 years in prison, up to three years of supervised release, and a fine of up to $500,000 or twice the funds laundered, whichever is greater. Sentences are imposed by a federal district court judge based upon the U.S. Sentencing Guidelines and statutes which govern the determination of a sentence in a criminal case.
Related Federal Cases
- Vimoon Sortsoy, Counterfeit Methamphetamine Pills, Massachusetts 2021 · New Hampshire
- Yimmy Rafael Sanchez-Jimenez, Money Laundering, Massachusetts 2024 · Massachusetts
- Seivright Donald Afflick, Money Laundering, Massachusetts 2024 · California
- Seivright Donald Afflick, Money Laundering, Massachusetts 2024 · California
- Yanbing Chen, Money Laundering Conspiracy, New York 2024 · California
Key Facts
- State: Massachusetts
- Category: Drug Trafficking|Fraud & Financial Crimes|Violent Crime
- Source: DOJ Press Release â†â€â€
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