BOSTON – A New Jersey man has been sentenced in federal court in Boston for operating an unlicensed money transmitting business that was used to transmit funds derived from criminal offenses and which were intended to be used to promote and support unlawful activity. Shadrach Anapalum, 36, of Newark, was sentenced by Senior U.S. District Court Judge Nathaniel M. Gorton to one year and one day in prison, to be followed by two years of supervised release.
Anapalum was also ordered to pay $304,000 in restitution. In March 2026, Anapalum pleaded guilty to one count of operating an unlicensed money transmitting business. Between May and December 2022, Anapalum received approximately $375,000 from at least four victims of online scams. Anapalum generally kept approximately 10 percent of the funds for himself, before transmitting the money elsewhere, including to bank accounts in China and Turkey.
In a consensually recorded call with a cooperating witness, Anapalum said he lied to a bank about the nature of the checks he was depositing and agreed that what he was doing was not legitimate. United States Attorney Leah B. Foley and Ted E. Docks Special Agent in Charge of Federal Bureau of Investigation, Boston Division made the announcement.
Assistant U.S. Attorney Kristen Kearney of the Securities, Financial & Cyber Fraud Unit prosecuted the case.