Investigators accuse Casey Anne Smith of participating in a multistate distribution network tied to tens of millions of dollars in company deposits.
DELRAY BEACH, FL — A Florida woman accused of taking part in an illegal THC distribution and money-laundering operation is being held on bonds totaling $20.03 million after her arrest on 12 felony counts, according to court records and a Palm Beach County Sheriff’s Office affidavit.
Casey Anne Smith, 41, of Boynton Beach, was booked into the Palm Beach County Main Detention Center on Oct. 22. Investigators describe her as a former chief financial officer and co-owner of Not Your Bakery LLC, a Delray Beach hemp-products company. Authorities allege the business distributed products containing THC above legal hemp limits while moving millions of dollars through company and affiliated accounts. Smith has not been convicted, and the allegations against her remain to be decided in court.
The charges include money laundering involving more than $100,000, organized fraud involving more than $50,000 and sale of a Schedule I controlled substance. Smith also faces charges connected to allegedly maintaining property used for drug activity and using a communication device to facilitate a felony, along with conspiracy counts. At her first appearance Oct. 23, a judge set bond at $4 million on each of four counts, $2 million on each of two counts and $5,000 on each of six additional counts, for a total of $20.03 million.
The investigation began in June 2024 after an agent working parcel interdiction encountered a shipment connected to Not Your Bakery, according to the probable cause affidavit. Investigators later focused on the company’s warehouse operation in Delray Beach and on facilities or shipments connected to Oklahoma and Texas. Authorities allege the company packaged and shipped THC-related products to customers around the country while marketing them as hemp products.
In February 2025, investigators made an undercover online purchase of six vape and concentrate products from the company for $569.18, the affidavit states. Laboratory testing cited by investigators found that the products contained delta-9 THC at concentrations above 1%. Florida and federal hemp definitions generally use a 0.3% delta-9 THC threshold by dry weight. Prosecutors allege the tested products therefore did not qualify as legal hemp. The legal classification of the products and Smith’s knowledge of their contents are issues that remain subject to the court process.
The affidavit also describes large shipments tied to the business that were seized by law enforcement agencies outside Palm Beach County. Authorities reported seizures of about 1,455 pounds in Jacksonville, roughly 1,100 pounds in Oklahoma City and approximately 5,500 pounds in Rankin County, Mississippi. Investigators say those shipments were among the evidence they used to examine whether Not Your Bakery was operating a nationwide distribution network for products that exceeded lawful THC limits.
Financial records form another major part of the case. A forensic accounting review cited in the affidavit found that Not Your Bakery had about $16.9 million in net deposits during 2024 and approximately $21 million in 2025. Investigators said the company reported about $2.58 million in gross sales to Florida for 2024 and about $3.28 million for 2025. The analysis characterized roughly $32 million deposited during those two years as proceeds connected to allegedly unlawful sales. Those figures are allegations contained in investigative records and have not been established at trial.
Investigators allege Smith held a 10% ownership interest in Not Your Bakery through BKBillie LLC and had responsibility for financial and sales-tax matters. The affidavit says Not Your Bakery paid approximately $988,700 to BKBillie and about $182,800 directly to Smith between January 2024 and May 2026. Authorities contend that BKBillie and similar companies connected to other people involved in the business were used to move money from Not Your Bakery. Smith ended her accounting and management work for the company in July 2026, according to records cited in the investigation.
Investigators also found a draft letter in Smith’s email in which she appeared to be withdrawing her ownership interest and referred to management decisions involving products she believed were not legal, according to the affidavit. Smith’s defense attorney argued during the bond hearing that other people were responsible for running the company’s manufacturing and distribution operations. The attorney said Smith’s role centered on paying vendors and handling company money rather than producing or distributing drugs, and argued that a bond of about $200,000 would be more appropriate.
The affidavit names Michael Carey Ives, Hassan Mohamed Soueid and Jonathan Enaldo Zelaya as other people allegedly associated with the company and its operations. Records reviewed by local news organizations did not establish that those three had been arrested as of Oct. 24. Their inclusion in investigative documents does not establish criminal liability. Investigators also seek forfeiture of property they allege is connected to proceeds from the operation, including vehicles, a boat and real estate. Any forfeiture claims will be subject to separate legal requirements and court review.
As conditions of any potential release, the court ordered Smith to surrender her passport, remain on house arrest with GPS monitoring and avoid contact with co-defendants, according to court records. The judge also imposed a requirement that the source of money or collateral used for bond be documented. Smith remained in custody as the criminal case moved forward, with the prosecution still required to prove the charges against her beyond a reasonable doubt.
Author note: Last updated October 24, 2026.