Lawsuit: Ex-Payqwick CCO fired, retaliated against for raising alarm


The ex-chief compliance officer at a California-based money transmitter that serviced the cannabis industry is suing her former employer alleging wrongful termination and whistleblower retaliation over lax disclosures related to an acquisition.

Cynthia Galas served as CCO at Payqwick from February 2022 to late April, according to a complaint filed in Los Angeles County Superior Court earlier this month.

During her employment, Galas was responsible for disclosures to the California Department of Financial Protection and Innovation (DFPI). At the time, Payqwick was planning to be acquired by cannabis financial technology company Green Check Verified (GCV). The deal required proper disclosure and approval by the DFPI.

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