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Mar 19, 2016 11:56 AM

UPDATE: Keene head shop owner pleads guilty to federal charge

CONCORD - The owner of Phat Stuff in Keene has pleaded guilty to causing misbranded drugs to be introduced into interstate commerce.

Panagiotes J. “Panos” Eliopoulos, 37, of Richmond, and his wife Katie, have owned the head shop since 2011. Both filed an intent to plead guilty on March 7, but did not say what charges they would plead to.

According to the Keene Sentinel, Eliopoulos signed a plea agreement March 10, in which the United States would move to dismiss the indictment against Katie Eliopoulos once he entered his plea agreement.

The Eliopouloses were arrested last month and charged with conspiracy to commit money laundering and conspiracy to offer drug paraphernalia for sale after their store was one of hundreds targeted in spring 2014 during a federal raid known as Project Synergy.

The operation targeted any alleged synthetic drug manufacturers and their distributors who police say were violating federal law.

Federal agents seized assorted pipes, grinders, rolling paper, glassware, scales, vaporizers and cash in their raid of Phat Stuff, according to court documents.

Eliopoulos will forfeit $10,729.59 and drug paraphernalia that was seized in a search of the business. The United States will also recommend he serve one year of probation.

Sentencing is scheduled for June 14.

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