FedEx Corporation (FDX) Accused of Money Laundering

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FedEx Corporation (NYSE:FDX) has been indicted on Friday in a U.S. criminal case of money laundering after several addicts died after receiving a shipment of illegal drugs, delivered by FedEx Corporation (NYSE:FDX). FedEx Corporation (NYSE:FDX) has been facing charges of illegal drug trafficking for  and has pleaded not guilty by a court last month, but a revised indictment against the company filed in federal court in San Francisco has again taken FedEx into a plethora of problems. Fox business’s Liz MacDonald reported this issue and said that She has talked to FedEx on this issue and the company has said that they were repeatedly asking the government to inform them about the listed illegal pharmacies, but the government didn’t pay any heed.

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“[…] What happened was FedEx Corporation (NYSE:FDX) got hit with a new charge of money laundering on Friday. Basically what’s going on here is FedEx Corporation (NYSE:FDX) accepted, their couriers accepted $639,000 in shipping fees from these illegal web pharmacies, […],” said MacDonald.

According to MacDonald, FedEx Corporation (NYSE:FDX) argues that it is a shipping company and not a law enforcement company. It cannot check the packages for the illegal materials because of the agreement between the company and its customers, according to which FedEx is bound to keep the privacy of all the shipments. MacDonald said that government is not ignoring the death of a teenager because of the shipments of FedEx Corporation (NYSE:FDX) and the company might face serious problems in the coming days. She also said the prosecutors are saying that they have evidence that FedEx made shipments to parking lots or vacant homes, which depict that  these shipments were dubious, but the company didn’t take notice of this.

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