Instagram big boy, Hushpuppi is reportedly currently being held at the Metropolitan Correctional Centre in Chicago.
He was charged with running a global fraud operation, including targeting a Premier League football club, a bank and a US law firm.
A months-long investigation by the FBI led to his arrest last month by authorities in the United Arab Emirates, where Abbas was a resident.
FBI special agents obtained custody of Abbas and took him to Chicago.
Hushpuppi is being held at the Metropolitan Correctional Center, Chicago, the Federal Bureau of Prisons website says. He will be transferred to Los Angeles in the coming weeks, according the Justice Department.
If convicted of money laundering, he would face a maximum sentence of 20 years in prison.