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SCOOP: Partner alleges “illegal activities” and “self-dealing” at Stiiizy
By Allison Campbell @shehitsback
Stiiizy’s CFO and controller recently resigned rather than sign auditor letters that “falsely claimed” co-founders Tony Huang and Samuel Cho were not involved with the company, alleges a lawsuit filed by one of Stiiizy’s partners.
The allegation is one of many in an August complaint filed in LA County by Raquel Origel, a former Stiiizy director who co-owns two Stiiizy dispensaries in San Bernardino. It alleges that Stiiizy and related entities “diverted all the [stores’] profits to itself”, repeatedly breached their operating agreements and participates in the unlicensed market.
It further . . .
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