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USA v. Weigand

  1. March 24, 2021

    SDNY Jury Convicts 2 Of Tricking Banks On Pot Transactions

    A Manhattan jury convicted two businessmen Wednesday of designing an elaborate plan to let California weed company Eaze process transactions without getting flagged by banks over the federally illegal substance, capping a trial that saw two jurors depart over COVID-19 concerns.

  2. March 22, 2021

    Feds Tell Pot Biz Jury To 'Take Your Pick' From Alleged Lies

    A Manhattan jury is set to weigh charges against two businessmen accused of fooling banks into processing $150 million of transactions for federally illegal cannabis, after prosecutors argued Monday that the men reaped $15 million in fees as they lied to bankers over and over again.

  3. March 19, 2021

    Pot Biz Trial Nears End As Defense Sparks Up Acquittal Case

    Big banks accept Eaze cannabis debits, churning $50 million of orders since mid-2020, two men on trial for allegedly scheming to process transactions for the federally illegal substance told a jury Friday to undercut prosecutors' argument that bankers were in the dark as customers used cards to buy weed online.

  4. March 17, 2021

    Rakoff Tells Gov't To Speed Up As Pot Biz Trial Stretches On

    Manhattan U.S. District Judge Jed S. Rakoff urged federal prosecutors to increase their pace Wednesday as their presentation of evidence against two men on trial for allegedly fooling banks into processing $150 million worth of transactions for federally illegal cannabis lasted into a third week.

  5. March 15, 2021

    Ex-Eaze CEO Quizzed After Pot Biz Trial Loses Another Juror

    Counsel for two men on trial in Manhattan for allegedly fooling banks into processing $150 million worth of credit and debit payments for Eaze quizzed the California cannabis app's former CEO Monday, after another COVID-19-related departure of a juror.

  6. March 09, 2021

    Pot Trial Witness Tells Jury He Worked For Cryptoqueen's Ex

    A witness testifying against two men accused of fooling banks into processing $150 million worth of marijuana payments said Tuesday that he once tried to extort $30 million on behalf of the ex-boyfriend of "CryptoQueen" Ruja Ignatova, the fugitive head of the OneCoin cryptocurrency scam.

  7. March 08, 2021

    Jury In SDNY Pot Biz Trial Good To Go After COVID-19 Tests

    A Manhattan jury hearing charges against two men accused of fooling banks into processing $150 million of credit transactions for federally illegal marijuana got back to work Monday after a now-excused juror reported a positive COVID-19 test.

  8. March 04, 2021

    Juror In SDNY Pot Biz Trial Tests Positive For Coronavirus

    Manhattan U.S. District Judge Jed S. Rakoff said Thursday morning that a female juror hearing conspiracy charges against two men accused of tricking banks into processing $150 million of pot transactions has tested positive for COVID-19 but that the trial would continue.

  9. March 03, 2021

    SDNY Prosecutors Disclose Evidence Error In Pot Biz Trial

    Prosecutors told a Manhattan federal judge Wednesday they are rushing to give defense lawyers newly uncovered data seized from a witness who is expected to testify against two businessmen on trial for allegedly tricking banks into processing $150 million of pot transactions.

  10. March 02, 2021

    Eaze Exec Tells Jury He Helped Fool Banks On Pot Biz Billing

    An Eaze executive told a Manhattan jury Tuesday that he worked with businessman Hamid Akhavan to disguise the pot app's credit card billing, as prosecutors sought to prove that Akhavan and a partner tricked bankers into handling $150 million of transactions for the federally illegal product.

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