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MScannaBIZ.com > Cannabis Business Directory > Add Listing > News > California marijuana executive sentenced to 22 months in prison
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California marijuana executive sentenced to 22 months in prison

Press Room
Press Room June 9, 2022
Updated 2022/06/09 at 3:24 AM
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California marijuana entrepreneur Helios Dayspring was sentenced to 22 months in federal prison after pleading guilty to bribery and tax evasion.

While the sentence was five months less than prosecutors requested, according to CalCoastNews, U.S. District Court Judge Andre Birotte sentenced Dayspring to 22 months for tax fraud and 22 months for bribery. The sentences are to be served concurrently.

Assistant U.S. Attorney Thomas Rybarczyk said Dayspring cheated on his taxes for more than four years.

“Defendant was a cold, calculating businessman who sought to bribe and cheat his way to a cannabis empire,” Rybarczyk said, according to CalCoastNews.

Dayspring pleaded guilty last October to the charges and admitted to attempting to bribe former Grover Beach Mayor John Shoals.

The defendant also agreed to a settlement with William Szymczak, an investor who put more than $17 million into businesses run by Dayspring, who owned 805 Agricultural Holdings and Natural Healing Center.

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Dayspring also ran several cannabis shops on the central California coast.

Szymczak filed a civil lawsuit in 2020, accusing Dayspring of misappropriation of funds, breach of contract, fraud and elder abuse.

Read the full article here

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