Eaze Consultants Convicted for Hiding Pot Transactions From Banks

A New York jury convicted two men of helping California marijuana business Eaze avoid banks stopping its credit card and other transactions involving the federally illegal drug.

The jury in the U.S. District Court for the Southern District of New York on Wednesday convicted Hamid “Ray” Akhavan, 42, a California businessman, and Ruben Weigand, 38, a German e-commerce consultant, on one count each of conspiracy to commit bank fraud.

Federal prosecutors from the U.S. Attorney’s Office for the Southern District of New York alleged that the two men assisted a multi-national scheme using shell companies, payment processing companies and other ...