Report: Ex-Eaze CEO to be charged in cannabis payment-processing scheme
Photo by Ekaterina Bolovtsova from Pexels

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.

...

Disclosure: This article may contain affiliate links. This means that we may earn a certain fee for any purchases made through the link without any extra cost to you.

No stories found.
Veed.Online
veed.online