Feds Seek 'Substantial' Sentences Against Weed Fraudsters

Law360 (June 14, 2021, 10:53 PM EDT) -- Federal prosecutors on Saturday urged a New York court to impose a $156 million judgment against one member of a duo convicted of defrauding U.S. banks on behalf of a California marijuana delivery service and to sentence the other to "a substantial term of imprisonment."

Hamid "Ray" Akhavan should fork over the cash he controlled as the mastermind of the bank fraud conspiracy scheme, while Ruben Weigand should face a "substantial term," but one below the sentencing guideline of 235 to 293 months' imprisonment, the prosecutors said.

Akhavan and Weigand, for their parts, asked the court on Saturday for sentences of...

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