What happened: A second person was taken into custody in an investigation into a Delray Beach business called “Not Your Bakery,” which authorities accuse of selling high-THC products and laundering money.
Background: Hassan Mohamed Soueid, 33, faces charges including money laundering, conspiracy to commit money laundering, conspiracy to commit organized fraud, and selling and conspiring to sell a contr substance, according to a Palm Beach County Sheriff’s Office probable-cause affidavit. Casey Anne Smith was the first person arrested i n the case.
She was previously accused of selling high-THC products and laundering money through Not Your Bakery and was held on $20 million bond. Investigators allege Soueid helped operate Not Your Bakery LLC and moved money from the business into companies he owned.
The affidavit says financial records showed $2.9 million in payments from Not Your Bakery to Soueid Inc., which Soueid owned, and $608,001 paid directly to Soueid. Investigators also identified $117,000 in personal funds Soueid deposited into MYA Investments LLC, another company he owned.
The affidavit alleges the money was routed through related companies that had no meaningful products, services, staff or physical operations beyond their owners. Investigators say funds were used for personal expenses, investments and property, and that a 2024 Cadillac Escalade bought through Soueid Inc.
for about $110,784 was purchased with proceeds from the alleged crimes.
The available details are limited to the information verified at publication time. Readers should expect updates as the matter develops.
Any person identified in connection with an alleged offense is presumed innocent unless and until proven guilty in court.
Source: official sources including CBS12 News.
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