- Two investors in the California-based cannabis business Cannafornia are suing the company’s CEO Paul King, claiming King bought luxury condo units with money stolen from their years-long venture together and launched into a libelous campaign against them.
- King has filed his own suit against the investors, alleged Russian expatriates Dimitriy Romantsoff and Roman Temkin (and several others), accusing them of infiltrating his business and stealing money and cannabis clones.
- Romantsoff, Temkin and their company GIA Investments, LLC filed suits against King and several of his companies on March 26 and April 9 in Florida’s 11 th Judicial Circuit Court in Miami-Dade County.
- In January 2018, Temkin’s associate Romantsoff, who the suit later mentions said he had a hundred million dollar clothing empire in Russia, convinced King to hire him part-time; Romantsoff began working remotely from Miami and visited Cannafornia every few months, according to the complaint.
- Between September 2019 and February 2020, Romantsoff, Romantsova, and Romantsova’s husband Roman Severchukov, terminated more than 30 Cannafornia employees, including many of the employees who had a long history working with King or who they perceived as being loyal to King, the complaint reads.
- Around early March 2020, according to the complaint, King terminated Romantsoff, Romantsova, Bukharova, Severchukov, Bukharova’s stepson Timur Daulbaev, and Dinara Akzhigitova, who had become controller of Cannafornia at Romantsoff’s recommendation.
Read full article: cannabisbusinesstimes.com