FRESNO, Calif. - Phary David Chim, 31, resident of Kent, Washington, pleaded guilty today to one count of conspiracy to structure cash transactions and one count of aggravated structuring.
According to court documents, Phary Chim's co-conspirators obtained prescriptions for oxycodone and hydrocodone from pharmacies in Modesto, California and then transported and mailed the pills to Washington for distribution on the black market. Phary Chim deposited the cash proceeds of the oxycodone and hydrocodone sales into bank accounts held by co-conspirators in California. He made the cash deposits in amounts of $10,000 or less to attempt to prevent Currency Transactions Reports from being filed by the banks on his cash deposits. Currency Transactions Reports are reports prepared by financial institutions for any transactions involving more than $10,000 in cash. These reports are filed with the Department of Treasury and are made available to law enforcement.
This case is being brought as part of Operation Footprint, a nationwide law enforcement initiative led by the U.S. Attorney's Offices, the Internal Revenue Service- Criminal Investigation, the Drug Enforcement Administration, and the United States Postal Inspection Service. Operation Footprint targets large drug trafficking organizations by identifying the transfer of drug proceeds through financial institutions, bulk cash smuggling and other forms of money transfers. Operation Footprint is focused on bringing criminal charges based on Bank Secrecy Act violations in addition to violations of the Controlled Substances Act and the Money Laundering Control Act.
This case is also the product of the Organized Crime Drug Enforcement Task (OCDETF), a focused multi-agency, multi-jurisdictional task force investigating and prosecuting the most significant drug trafficking organizations throughout the United States by leveraging the combined expertise of federal, state and local law enforcement agencies. Assistant U.S. Attorney Grant B. Rabenn is prosecuting the case.
Phary Chim is scheduled to be sentenced by Judge Anthony W. Ishii on May 12, 2014. He faces a maximum statutory penalty of five years in prison and a $250,000 criminal fine for structuring conspiracy, and a maximum statutory penalty of ten years in prison and a $500,000 criminal fine for aggravated structuring. The actual sentence, however, will be determined at the discretion of the court after consideration of any applicable statutory factors and the Federal Sentencing Guidelines, which take into account a number of variables.
