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The 15-count indictment, handed down by a federal grand jury in San Francisco, includes charges for conspiracy to distribute controlled substances. FedEx allegedly gained at least $820 million from the conspiracy, the filing said, and could be fined up to twice that amount.
FedEx reported $11.8 billion in total revenue for the quarter ended in May. That's over $44 BILLION DOLLARS FOR THE YEAR.... Obama will grab as uch as he can from FedEx.
In a statement, FedEx Senior Vice President Patrick Fitzgerald said the company is innocent and will plead not guilty. U.S. prosecutors are asking that the company assume responsibility for the legality of millions of packages a day, he said. "We are a transportation company. We are not law enforcement," he said.
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