January 24, 2022
A California federal judge has ordered a purported marijuana investment firm and its affiliates to pay more than $1 million in civil penalties, disgorgement and interest after the U.S. Securities and Exchange Commission accused the firm of duping investors and carrying out a nearly $613,000 securities offering fraud.
September 27, 2021
The U.S. Securities and Exchange Commission on Monday filed suit against a purported marijuana investment firm over a nearly $613,000 securities offering fraud, alleging the firm duped investors and steered the money to its director for his personal use and to finance his pizza business.