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Trio admits to theft in loan to open pot shop in Everett

Trio admits to theft in loan to open pot shop in Everett

 

| November 25, 2019

Three men who fraudulently obtained a $1.5 million federal loan to open a marijuana store have entered a felony diversion program.

Conrado Topacio, 58, Henry Jacky, 46, and James Koory, 46, were accused of first-degree theft for deceiving Everett-based Coastal Community Bank, as well as several other people, to obtain the loan from the U.S. Small Business Administration.

They used that money, against federal rules, to open Mari J’s Highway Pot Shop in Everett’s Silver Lake neighborhood in the summer of 2015. While marijuana has been legalized in Washington state, the federal government still classifies it as a Schedule 1 drug. So the defendants lied, and said they were using the loan for a restaurant, according to court papers.

https://www.heraldnet.com/news/trio-admits-to-theft-in-loan-to-open-pot-shop-in-everett/

 






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