Delray Beach Business Owner Arrested in Fraud Scheme

Hassan Mohamed Soueid faces multiple charges after investigators linked his business to millions in alleged illegal proceeds.

Updated on Oct. 29, 2026 in Financial Crime

Bold flat-color editorial illustration showing a single herb jar, evoking the regulatory scrutiny of illegal substance distribution. — Authorities in Delray Beach arrested business owner Hassan Mohamed Soueid following allegations of money laundering and illicit sales of high-THC cannabis products. AI Illustration. Upload story photo >

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Should regulators more strictly enforce THC limits on products marketed as legal hemp?

Authorities arrested Hassan Mohamed Soueid for his alleged role in a scheme involving money laundering and the sale of controlled substances through his business, Not Your Bakery. The company is accused of distributing high-THC products under the guise of legal hemp-derived alternatives.

Why it matters

The investigation highlights ongoing regulatory challenges regarding the marketing of cannabis-related products. Authorities allege the business used shell companies to move millions in criminal proceeds derived from these illicit sales.

Hassan Mohamed Soueid remains in custody with his bond set at $1,080,000. He faces charges including money laundering, conspiracy to commit organized fraud, and selling a controlled substance.

The players

Hassan Mohamed Soueid

He is the business owner arrested for his alleged involvement in money laundering and the illegal sale of controlled substances.

Casey Anne Smith

She was previously arrested for similar charges related to the operations of the same business.

Not Your Bakery

This business operated locations in Delray Beach, Oklahoma, and Texas while allegedly marketing high-THC products as legal hemp.

The details

Investigators allege Soueid moved money from Not Your Bakery into personal accounts and his own companies, including $608,001 paid directly to him. Lab tests on seized products revealed delta-9 THC concentrations exceeding the state's 0.3% limit for legal hemp.

In Q4 2024, the business bank accounts received $5.07 million in net deposits.
The company reported $17.7 million in alleged criminal proceeds during 2025.
The article detailing the arrest was published on October 29, 2026.

Legal Context

The investigation centers on products found to exceed the state's 0.3% hemp THC limit, marking a departure from compliant manufacturing standards. This case reflects broader efforts by authorities to regulate the rapidly expanding market for hemp-derived consumables.

Local residents in Delray Beach may see continued scrutiny of businesses operating in the hemp and cannabis-alternative sector. This investigation underscores the importance of verifying product compliance and the legal status of retail operations in the community.

The takeaway

Consumers should exercise caution when purchasing hemp-derived products that market high potency, as they may not meet legal standards. Verify that retailers are transparent about their laboratory testing results and regulatory compliance.