Canopy Execs Depart Following Fraud Accusations
Two executives of Canopy Financial have left the company in the wake of accusations of financial fraud, a Canopy spokesman confirmed today. President and chief operating officer Jeremy Blackburn has resigned, and chief technology officer Tony Banas has been placed on administrative leave. So far, peHUB has been unable to reach either one of them for comment. CEO Vikram Kashyap released a statement yesterday through his attorney, saying that he had "no prior knowledge whatsoever of any fraud regarding Canopy's financial statements" and that he "relied on financial and legal professionals in accepting the authenticity of the company's financials." Although Kashyap has stepped down as CEO of Canopy, he said he will remain as chairman to help hold any fraudsters accountable. The spokesman also said that Canopy has informed its customers and investors of the fraud allegations and continues
