Jimmy Fu, 63, of West Hills, California, was charged with conspiracy to commit money laundering, the U.S. Attorney’s Office for the District of Massachusetts announced on Wednesday. Fu was arrested on October 30 and released after his initial federal court appearance in Boston.
The charges stem from an investigation into two online pharmacies believed to be operating out of India, which allegedly advertised controlled substances and distributed misbranded and counterfeit drugs. Between November 2022 and August 2024, law enforcement conducted 18 undercover purchases, uncovering drugs such as methamphetamine hidden in counterfeit Adderall pills.
Fu is accused of operating Axson Engineering, Inc., doing business as Axson Data, in Canoga Park, California. Axson Data is allegedly involved in processing payments for controlled substances purchased from the online pharmacies and wiring proceeds to overseas businesses, identified as IT consulting firms and other entities.
The investigation revealed that Axson Data processed all 18 undercover purchases, with approximately $11.5 million deposited into the company’s accounts from January 2021 to August 2024. A search warrant for an Apple account linked to Axson uncovered a photo of a drug test for methamphetamine, accompanied by a text about receiving meth instead of Adderall.
Fu’s alleged involvement in laundering the proceeds from this illicit operation highlights the widespread reach of the counterfeit drug market.
