Palm Beach Scandal: $20M Bond for Money Laundering and THC Sales

The case involves Casey Anne Smith (41), former Chief Financial Officer (CFO) of the Delray Beach-based company Not Your Bakery LLC. She was arrested and faces a bond set at $20.03 million in Palm Beach County following an exhaustive police and prosecutorial investigation.

Key details of the indictment

• Company and operations: Not Your Bakery LLC operated out of warehouses in Delray Beach (also marketing brands such as "Jelly"). It offered THCA vaporizers, gummies, and resins online and commercially.
• Sale of controlled substances (illegal THC): The investigation, which began in mid-2024, included undercover purchases in February 2025. Laboratory tests determined that the products sold exceeded the legal limit of 0.3% Delta-9 THC by dry weight established by Florida law for hemp derivatives, legally classifying them as Schedule I controlled substances.
• Financial discrepancy and money laundering: According to arrest affidavits, the company's bank accounts recorded net deposits of nearly $16.9 million in 2024 and more than $21 million in 2025. However, the company only reported official gross sales of about $2.6 million and $3.3 million in those same periods. This led investigators to file charges of organized fraud and money laundering of more than $100,000.
• Formal charges: Smith faces 12 serious criminal charges covering money laundering, organized scheme to defraud in an amount greater than $50,000, sale of Schedule I controlled substances, maintaining property for drug activities, and criminal conspiracy.
• Nebbia Bond Condition: The court imposed a Nebbia clause, requiring proof that any funds or collateral presented to cover the $20 million bond come from legitimate sources and not from proceeds derived from the illicit business.