Oh yes - not only do the bank statements show that CANN spent all their money and every transaction was a CHECK which is easily traced.....so that's one count of perjury from CANN CFO.
But the tax documents show that they owed California the money for years.........that's two counts of perjury from CANN CFO.
AND.......best of all......
The Feds who froze their money............there's going to be some huge discovery that is going to send those CANN execs straight to prison. I'm hearing from banking friends that they are in DEEP CHIT. Like really really really bad money laundering. And there are going to be Federal Criminal charges against the CANN execs and they are freaking out.
Here's what FinCen says about banks accepting MRB money: "In assessing the risk of providing services to a marijuana-related business, a financial institution should conduct customer due diligence that includes: (i)verifying with the appropriate state authorities whether the business is duly licensed and registered." PBC is not licensed and registered as a financial institution or as a MRB. Either the banks that accepted CANN and CCSAC money didn't do any due diligence on the companies (PBC, GRN Funds) that held the account the money was deposited to, or they weren't told by PBC what its origin was.
When the money was transferred, it came from a routing number and account number and went to a routing number and account number.
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