<body><div><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=2BvbzU_1GswzHyg00" alt="https://img.particlenews.com/image.php?url=2BvbzU_1GswzHyg00" width="800" height="450" >What charges did Michael Carey Ives face in the Delray Beach THC scheme?What was Casey Anne Smith's bond amount in the THC investigation?BOYNTON BEACH, Fla. (CBS12) — A third suspect was arrested Friday in a multimillion-dollar drug and money laundering investigation involving a Delray Beach business, "Not Your Bakery."Michael Carey Ives, 33, is accused of helping operate a nationwide THC distribution business that investigators say disguised illegal marijuana products as legal hemp while funneling millions through affiliated companies.<img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=1M8KdT_1GswzHyg00" alt="https://img.particlenews.com/image.php?url=1M8KdT_1GswzHyg00" width="800" height="450" >According to a Palm Beach County Sheriff's Office probable-cause affidavit, Ives faces 11 charges, including money laundering, conspiracy to commit organized fraud, selling controlled substances and using a communication device to facilitate a felony.Investigators allege Not Your Bakery generated more than $32 million in criminal proceeds during 2024 and 2025, while reporting significantly less revenue to the state.<div style="position:relative;width:100%; height:0; padding-bottom: 56.25%;"><iframe allowfullscreen src="https://www.youtube.com/embed/dJwqxfpTB7s?enablejsapi=1&version=3&playerapiid=ytplayer" frameborder="0" style="width:100%; height:100%;top:0; left:0; position:absolute"></iframe></div>Financial records showed approximately $4.2 million transferred from Not Your Bakery to Carey Ives LLC, a company owned by Ives, along with nearly $969,000 paid directly to him.Authorities allege the money helped fund a lavish lifestyle, including real estate, vehicles and a boat.According to the affidavit, Ives and co-defendant Casey Anne Smith purchased a $1.2 million Boynton Beach home in 2024. Investigators also identified a $340,000 property interest in Briny Breezes and a $369,000 property purchase in Costa Rica.The investigation uncovered text messages in which Ives allegedly acknowledged the company's nationwide marijuana sales."Who knew we could pick up the phone and sell weed nationwide one day lol," Ives wrote in a January 2025 message, according to the investigation.Investigators also cited a message in which Ives claimed the business had generated $2 million in sales in a single month, despite reporting substantially less to Florida tax officials.The allegations stem from an investigation that began in 2024 after deputies intercepted shipments containing high-potency THC products.Undercover purchases and laboratory testing later revealed products containing THC concentrations exceeding Florida's legal hemp limit, according to investigators.As previously reported by CBS12 News, two other suspects have been arrested in connection with the investigation.Smith, the first person arrested, was previously accused of selling illegal THC products and laundering money through the business. Her bond was set at $20 million.Hassan Mohamed Soueid, 33, was later arrested on similar charges after investigators alleged he funneled millions through companies he owned. His bond was set at $1.08 million.</div></body>

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BOYNTON BEACH, Fla. (CBS12) — A third suspect was arrested Friday in a multimillion-dollar drug and money laundering investigation involving a Delray Beach business, "Not Your Bakery." Michael Carey Ives, 33, is accused of helping operate a nationwide THC distribution business that investigators say disguised illegal marijuana products as...

Boynton Beach man becomes third arrested in alleged $32M Delray Beach THC scheme

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BOYNTON BEACH, Fla. (CBS12) — A third suspect was arrested Friday in a multimillion-dollar drug and money laundering investigation involving a Delray Beach

Boynton Beach man becomes third arrested in alleged $32M Delray Beach THC scheme

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