August 22, 2025
Four individuals and several entities allegedly tied to a $61.7 million scheme to defraud would-be investors in a purported cannabis cultivation business named Weedgenics have been ordered to pay the U.S. Securities and Exchange Commission roughly $67 million, a federal judge has ruled.
February 13, 2025
A purported marijuana cultivation company and associated entities are on the hook for judgments worth nearly $38 million to settle U.S. Securities and Exchange Commission claims over an alleged Ponzi-like scheme soliciting would-be investors in "nonexistent" grow facilities.
July 25, 2023
A blockchain-focused investment fund wants to pull $2 million out of a bank account frozen by federal securities regulators as part of their action against a Las Vegas-based marijuana company, telling a California federal judge that the money has "no connection whatsoever" to an alleged Ponzi scheme.
June 12, 2023
A California federal judge has frozen the bank accounts and assets of additional defendants in a U.S. Securities and Exchange Commission suit alleging that a purported Las Vegas-based marijuana products company duped investors out of $60 million.
May 23, 2023
The U.S. Securities and Exchange Commission has obtained a temporary restraining order freezing the assets of a purported Las Vegas-based marijuana products company after alleging that the company was operating a $60 million Ponzi-style scheme.