Internet pharmacy money launderer sought by feds

A Canadian businessman who was convicted of laundering money for an Internet pharmacy is being sought by federal authorities after he missed his sentencing in California. Nathan Jacobson, who the Montreal Gazette says likes to "hobnob with politicians," pleaded guilty to conspiracy charges in 2008 for his role with Affpower, an Internet pharmacy that sold drugs to U.S. citizens who got prescriptions from doctors associated with the company after they filled out an online questionnaire. The newspaper says Jacobson cleared more than $46 million in payments through his credit card company, RX Payments. He forfeited $4.5 million upon his conviction. One of Jacobson's lawyers says he is on business in Asia and unaware of the hearing. He is one of 18 convicted in the scheme and many of the others have been sent to prison, the paper reports. Federal authorities have been ramping up actions on Internet pharmacies, which have been identified as a source of some counterfeit drugs in the U.S., including Roche's ($RHHBY) cancer drug Avastin. Story | More