#1,467 - Portland Police Raid illegal Shroom House Overnight

12/17/22 • 12 min

Police raided the West Burnside psychedelic mushroom shop Shroom House early morning, seizing evidence and arresting multiple people, and putting an end to one of the city’s biggest holiday-season attractions.
Shroom House has been operating since Oct. 24, violating federal and state laws governing the use of psychedelic mushrooms in Oregon. That hasn’t deterred Portlanders, who lined up for over six hours on many days this month to purchase psychoactive fungi. A small queue formed this morning in the pouring rain before being told by a reporter that the store had been raided.
Portland Police Bureau spokesman Sgt. Kevin Allen confirmed the raid to WW early this morning.
The shop’s likely owner, 32-year-old Steven Tony Tachie Jr., was booked in jail at 4:19 am this morning on charges of money laundering and manufacturing or delivering a Schedule I controlled substance near a school. Police also arrested Jeremiahs Francis Geronimo, 32, and booked him on similar charges.
Victor B. Fabela, 25, and Ivan Mametyev, 38, were issued criminal citations for delivery of psilocybin, Portland police said. More than $13,000 in cash and “a large amount of suspected psilocybin products,” were seized during the 1 am raid by officers with the bureau’s Narcotics and Organized Crime Unit.
Two senior prosecutors with the Multnomah County District Attorney’s Office assisted with the raid, an office spokeswoman said.

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#1,466 - 270,000 homebuyers who bought in 2022 are underwater on their mortgage

About 270,000 homebuyers who bought during the red-hot housing market this year already owe more than their house is worth, a new analysis found.
Among the 450,000 underwater borrowers in the third quarter, nearly 60% had mortgages originated in the first nine months of 2022, found. That's about 1 in 12 homes purchased in 2022 with a mortgage, or 8%. Nearly 40% of homes bought this year have less than 10% of equity left to tap.
The figures reflect yet another fallout from rapidly rising mortgage rates this year, which have put pressure on housing values as month over month.
“Though the home price correction has slowed, it has still exposed a meaningful pocket of equity risk,” Ben Graboske, president of Black Knight data and analytics, said in a news statement. “Make no mistake: negative equity rates continue to run far below historical averages, but a clear bifurcation of risk has emerged between mortgaged homes purchased relatively recently versus those bought early in or before the pandemic.”

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#1,468 - Owner of Illegal Shroom House in Portland “Didn’t Know Anything About Any Illegal Mushroom Sales,” Attorney Says

Two men accused of running an unlawful psychedelic mushroom storefront on West Burnside Street appeared in court this afternoon. They believed the business was legal, their attorneys said.
“He said he didn’t know anything about any illegal mushroom sales,” said Leland Berger, attorney for the shop’s alleged owner, Steven Tachie Jr., 32.
His business, Shroom House, was raided by police in the middle of the night Thursday. Four men were arrested, including Tachie and the man said to be the shop’s manager, Jeremiahs Geronimo, 42.
“Based on the government’s allegations, [they] thought what they were doing was lawful,” said Geronimo’s public defender.
Bail for both men was set at $1.5 million. Tachie, a Canadian citizen, was ordered to surrender his passport. The former rapper is now living in Portland in an Airbnb.

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