$2.5M credit card fraud lands ex-owner of Corvallis Cannabis Club in federal prison
April 15, 2025
Yegishe Nazaryan, a former owner of the Corvallis Cannabis Club, was sentenced Tuesday to nearly three years in federal prison for his role in a bank fraud of more than $2.5 million that helped finance his state-licensed marijuana retail store and two illegal grows.
U.S. District Judge Michael J. McShane struggled to understand the motivation behind Nazaryan’s substantial fraud, noting he didn’t suffer from a drug addiction, mental health problems or chaotic childhood. Instead, he had been educated as a veterinarian in his home country of Armenia before immigrating to the United States.
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