Feds Plan To Charge Ex-CEO In Marijuana Bank Fraud Case

Law360 (February 12, 2021, 8:30 PM EST) -- Manhattan federal prosecutors will charge the former CEO of the marijuana delivery platform Eaze in a case accusing two businessmen associated with the company of tricking banks into processing $100 million worth of cannabis credit card payments, court records show.

Jim Patterson, who stepped down as CEO of Eaze Technologies Inc. in 2019 and later departed the company, will be charged Feb. 19, according to a docket entry Thursday. The entry doesn't indicate what charges the former executive faces but suggests he will plead guilty, as it says he plans to waive indictment and move straight to a plea hearing. Patterson...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!