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Former Eaze CEO Facing Bank Fraud Charges

Federal prosecutors will charge the former CEO of cannabis technology and delivery platform Eaze in connection with a case against two businessmen who allegedly duped banks into processing $100 million worth of illegal credit and debit payments, Law360 reports.

Eaze’s former CEO Jim Patterson — who stepped down as CEO in 2019 and later left the company — is expected to plead guilty tomorrow to the undisclosed charges. Notably, Eaze was not charged and a representative said the company has been cooperating with investigators.