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Sheriff Indicted for Allegedly Extorting Boston Cannabis Company

SUFFOLK COUNTY, MASSACHUSETTS, AUG 8 – Steve Tompkins allegedly extorted $50,000 for cannabis company stock by leveraging his official role, with shares later valued at over $138,000, authorities said.

  • Suffolk County Sheriff Steven Tompkins, 67, was arrested Friday in Florida on two counts of extortion related to a cannabis company stock deal.
  • In 2020, Tompkins leveraged his role as Sheriff to pressure a cannabis company executive into giving him stock before the company’s initial public offering.
  • Tompkins bought 14,417 pre-IPO shares at $1.73 each in November 2020, which were valued at $9.60 per share at IPO in 2021 before falling in May 2022.
  • U.S. Attorney Leah Foley described Tompkins' alleged acts as "an affront to the voters and taxpayers" and noted he faces up to 20 years in prison per charge.
  • Tompkins is scheduled to be arraigned in a Boston federal court in the future and, if found guilty, could receive a prison term, a period of supervised release, and financial penalties, underscoring the legal repercussions of abusing official power.
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NBC Boston broke the news in Boston, United States on Friday, August 8, 2025.
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