September 06, 2024
The U.S. Securities and Exchange Commission has reached settlements with three defendants who allegedly misappropriated $14 million in investment funds intended for a cannabis enterprise, with the three agreeing to pay back a total of more than $4 million in disgorgements and interest and $3 million in civil penalties.
May 09, 2023
The U.S. Securities and Exchange Commission is asking an Ohio federal court to strike several affirmative defenses from a man alleged to have been part of a scheme to pocket millions in investor money intended to fund a cannabis venture, saying those defenses are unavailable or unsupported by any provided facts.
September 02, 2022
The U.S. Securities and Exchange Commission has filed suit against a pair of men who allegedly pocketed millions of dollars in investor money that was earmarked to fund the growth and sale of marijuana in the U.S. and Europe.