Boynton Beach Man Arrested in Alleged $32M Delray Beach THC Scheme
Michael Carey Ives, 33, of Boynton Beach, Florida, has been arrested as the third suspect in a multi-million dollar drug and money laundering investigation. The investigation centers on a Delray Beach business named "Not Your Bakery," which authorities allege operated a nationwide THC distribution network. Investigators claim the business disguised illegal marijuana products as legal hemp and funneled over $32 million in criminal proceeds during 2024 and 2025. Financial records indicate that approximately $4.2 million was transferred from "Not Your Bakery" to Carey Ives LLC, a company owned by Ives, with an additional nearly $969,000 paid directly to him. Ives faces 11 charges, including money laundering, conspiracy to commit organized fraud, selling controlled substances, and using a communication device to facilitate a felony. The Palm Beach County Sheriff's Office initiated the investigation in 2024 after intercepting shipments of high-potency THC products, with subsequent undercover purchases and lab t...
