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Ex-Eaze CEO Cops To Fraud In Marijuana Payments Case

The former CEO of cannabis company Eaze pled guilty to one count of bank fraud conspiracy in Manhattan federal court Friday, admitting he worked with others to mask more than $100 million worth of credit card marijuana purchases so banks would clear them.

James Patterson, 41, of Los Angeles, was added as a defendant Friday to a case in which two businessmen were implicated in a money laundering scheme. He pled guilty the same day, admitting to working with the co-defendants to hide the true nature of the purchases because he “understood that if banks were aware of the nature of…

To Read The Rest Of This Article By Staff on Law360

Published: February 23, 2021

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