Legal & Regulations
Report: Ex-Eaze CEO to be charged in cannabis payment-processing scheme
Published February 17, 2021
Federal prosecutors reportedly plan to charge a former CEO of California cannabis delivery platform Eaze in connection with a case accusing two businessmen of deceiving banks into processing $100 million worth of credit and debit payments for marijuana products.
Law360.com first reported the case, citing federal district court records in New York.
According to the report, records indicate that former Eaze CEO Jim Patterson will waive indictment by federal prosecutors in New York and plead guilty on Feb. 19 to unspecified charges.
Patterson couldn’t immediately be reached for comment.
Eaze spokeswoman Elizabeth Ashford wrote in an email to Marijuana Business Daily on Wednesday that “as reported, we are cooperating with relevant authorities, Jim is no longer with the company and Eaze is not a defendant in this matter.”
Patterson resigned as CEO of Eaze in 2019 and later left the company.
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Source : Marijuana Business Daily
Link to original : Report: Ex-Eaze CEO to be charged in cannabis payment-processing scheme
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