November 19, 2021
A Hollywood producer must cough up more than $5 million to federal securities regulators for allegedly fleecing investors in a failed cannabis venture, while his business partner must pay nearly $700,000, a California federal court has ruled.
July 13, 2021
The U.S. Securities and Exchange Commission wants a self-styled movie producer and his business partner to pay nearly $6.4 million for allegedly defrauding investors out of $4.85 million in a would-be recreational cannabis business.
February 17, 2021
A producer-turned-entrepreneur has agreed to settle a U.S. Securities and Exchange Commission suit alleging he defrauded investors in his marijuana business out of $4.8 million, according to a Tuesday court filing.
February 24, 2020
The owner of a defunct cannabis company has sued a group of investors he says published defamatory statements and lewd images of him online, saying in Washington federal court they hurt his business prospects even though it was his partner who allegedly ripped them off.
January 21, 2020
A Hollywood producer who branched out into the cannabis business allegedly bilked investors out of more than $4.8 million, in what the U.S. Securities and Exchange Commission labeled a Ponzi scheme on Tuesday.