N.J. medical marijuana exec took $1M in company money to fund Israeli dispensary, lawsuit claims – NJ.com

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An ousted executive of a New Jersey medical marijuana company is suing his former employer, alleging that he was fired after flagging the improper movement of some $1 million.

A lawsuit filed Friday in state Superior Court in Hudson County by Robert Moroni accuses Harmony Foundation’s CEO Shaya Brodchandel of sending $1 million of company money to Israel for a personal investment. Moroni claims he was fired and removed from the board after speaking up.

Harmony is one of just 10 companies actively growing, processing and dispensing medical marijuana in New Jersey. It has a dispensary in Secaucus and plans to open others in North Jersey.

Representatives for Brodchandel and Harmony did not respond to multiple requests for comment.

Moroni joined Harmony in April as its chief administrative officer. He already had a seat on the company’s Board of Trustees.

In August, he learned that Brodchandel had refused to let outside auditors count about $1 million in cash stored in a safe at Harmony’s headquarters, according to the claim.

Brodchandel told Moroni that he did not let auditors count the cash because he had sent it to Israel to fund a new marijuana dispensary, a personal investment for he and Harmony’s chief operating officer Yuda Meer, according to the complaint. The cash was allegedly taken overseas by hand without approval from the Board of Trustees.

Moroni contacted the company’s general counsel, and Harmony ultimately hired an outside investigator to look into the issue. During that inquiry, Brodchandel allegedly told an investigator he had lied about sending the money to Israel, and had actually moved it to a safe that was outside of Harmony, but under his control.

The investigation also revealed improper record keeping and invoices for

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