Andrew Daniel Nash, the founder of cannabis cash management company El Capitan Advisors, is an alleged con man who took millions of dollars from his own cannabis company clients to support his lifestyle after his initial business plan to bring banking to cannabis companies failed, according to people who worked with Nash. Today I am reporting a third part of a year long investigation for CRB Monitor News that highlights the years of lies and misconduct in multiple cannabis deals by the Santa Barbara man and the alledged con apparently isn’t over.
His newest target appears to be women with access to power and money that he meets on dating apps. According to at least one witness Andrew uses a fake last name when he meets ladies on the dating app Hinge to avoid any google searches of his alleged financial misconduct and civil fraud suits. Nash who currently list his parents one bedroom Santa Barbara condo as his home address was divorced by his wife Jaime Nash last year after news of his alleged ponzi-like scheme came out in litigation by Snoop Dog’s V.C. firm Casa Verde and publicly traded cannabis company Planet 13. Women that Nash tried to date since then shared tales, with this reporter, of Nash claiming he’s still in the business of raising investments for cannabis deals but also had visible problems paying for dates with credit cards ‘not working’ or taking days for him to get access to cash.
Nash dating app photo
Nash, who most definitely needs to be banned for life as a registered investment advisor according to well anyone who ever worked with him; was stopped and questioned at the US border this fall after he returned from a personal trip, according to a witness who asked to be unnamed for fear of their safety. The reason of the stop is unknown.
The SEC has told multiple people its investigation is wrapping up but it’s unclear if the DOJ will charge him criminally. A felony wire fraud charge for allegedly misleading investors while raising new capital seems like a possible criminal charge if you read through my CRB Monitor News reporting over the the last year. But Nash also boast he currently has a buddy working in the Trump administration and given the DOJ’s newest view on white collar crime doesn’t mean anyone needs to go to jail, we all known how that could work out.
One out of state cannabis regulator who has been watching the Planet 13 litigation in California state court told this reporter, “Andrew Nash is conman, but other bureaucrats won’t do much to put an end to his BS.”
Nash who now represents himself in the civil litigation has not returned calls and emails for comment.
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