Bank Fraud Trial Highlights White Collar Enforcement Risks for Cannabis Industry
The demo of two gentlemen related with an on the internet hashish marketplace commenced last 7 days in the Southern District of New York. Prosecutors look for to demonstrate that Hamid Akhavan and Ruben Weigand, two businessmen who labored with the on the internet platform from 2016 to 2019, conspired to commit financial institution fraud by disguising credit and debit card transactions for hashish purchases as transactions for non-hashish purchases. Although advertising hashish stays unlawful beneath federal legislation, the scenario demonstrates how hashish…
By: Sheppard Mullin Richter & Hampton LLP
