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Report: Ex-Eaze CEO to be charged in cannabis payment-processing scheme

Report: Ex-Eaze CEO to be charged in cannabis payment-processing scheme

February 17, 2021 | Jeff Smith

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 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.

Report: Ex-Eaze CEO to be charged in cannabis payment-processing scheme






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