Cannabis  October 13, 2021

Convicted BestBank president found liable in case of missing hemp

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BERTHOUD — A former Boulder banker convicted in 2010, sentenced to prison and placed on the hook for $11.9 million in restitution to the Federal Deposit Insurance Corp. for bank fraud in the collapse of BestBank in 1998 has been judged, along with his son and two companies, to be at fault in a case involving the disappearance of a hemp crop.

In a case decided in Denver District Court in January 2020 and affirmed by the Colorado Court of Appeals Sept. 9, 2021, Thomas Alan Boyd, along with others, was determined to be liable for  securities fraud, untrue statements, a…

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Ken Amundson is managing editor of BizWest. He has lived in Loveland and reported on issues in the region since 1987. Prior to Colorado, he reported and edited for news organizations in Minnesota and Iowa. He's a parent of two and grandparent of four, all of whom make their homes on the Front Range. A news junkie at heart, he also enjoys competitive sports, especially the Rapids.
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