Ex-Pot Dispenser Exec Pays SEC $12M Over Fraudulent Sales

By Cara Mannion · March 22, 2017, 5:40 PM EDT

The founder of medical marijuana dispenser Medbox Inc. agreed to pay $12.3 million to end the U.S. Securities and Exchange Commission's allegations that he used sham transactions with a shell company...

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Case Information

Case Title

Securities and Exchange Commission v. Notis Global, Inc. et al

Case Number

2:17-cv-01905

Court

California Central

Nature of Suit

Securities/Commodities

Date Filed

March 09, 2017