$700M+ Medical Marijuana Ponzi Scheme With Over Half-Million Duped Investors Busted In Europe

According to the SEC,.....»»

In a federal lawsuit, the investors allege that EquiAlt, its CEO and managing director "scammed more than 1,100 mostly senior citizens from across the country of much of their life savings.".....»»

The company allegedly received $4.9 million from investors by falsely claiming it was raising capital to develop radiation-protection products for medical and military applications......»»

22,858.822 bitcoin were misappropriated under Control-Finance's Ponzi-like scheme......»»

While it may come as a shock to liberals, it looks as though Donald Trump may n.....»»

Kevin Merrill, Jay Ledford and Cameron Jezierski are accused of building a fraudulent Ponzi scheme around consumer debt portfolios. They face civil and criminal charges......»»

Police have reportedly used AI to spot a cryptocurrency Ponzi scheme in South Korea that cheated investors out of $18.5 million......»»

A former Belmont resident was convicted on Tuesday on charges that he defrauded 15 investors of more than $6 million through a Ponzi-style investment scheme that he created. The 76-year-old John William Cranney, who now lives in Texas, was found gui.....»»

Medical marijuana sales continue to slide in Colorado. For the first half of 2018, revenue fell 21 percent year-over-year to $165.8 million. Recreational sales rose 14 percent to $573 million. read more.....»»

A former Massachusetts man convicted of running what prosecutors called a Ponzi-style scheme that defrauded 15 investors out of more than $6 million has been sentenced to five years in prison.      .....»»

An investment vehicle TexMed Ventures is raising up to $5 million for a startup that is looking to grow hops for local breweries and medical purposes in a state where raising marijuana plants is still in its infancy......»»

Federal prosecutors have accused three men of portraying themselves as investment professionals and using a phony portfolio of consumer debt to defraud hundreds of unwary investors out of tens of millions of dollars as part of a $364 million Ponzi scheme......»»

The Securities and Exchange Commission and Department of Justice said Wednesday they have halted a $364 million Ponzi scheme that targeted hundreds of investors across the U.S......»»

The head of a Philadelphia investment advisory who bilked clients out of $1.6 million in a Ponzi scheme was sentenced Friday to six and a half years in prison. Carl Frederic Sealey, 43, of Cinnaminson, N.J., was ordered by U.S. District Court Jud.....»»

A San Diego man has settled SEC allegations th.....»»

The defendant admitted to taking $600,000 from at least 80 investors. Nicholas Gelfman claimed to have a high-frequency trading computer program that could mine profits from Bitcoin, sayi.....»»

The Securities and Exchange Commission (SEC) and the Department of Justice (DOJ) announced last month the indictment and arrests of three people, includi.....»»

A dozen investors who say they put more than $4.5 million into a Ponzi scheme run by Rick Siskey are suing Metropolitan Life Insurance Co., three of its brokers and two Siskey-related companies to recover their losses. All of the investors — who f.....»»

A prominent New York real estate developer and several other industry executives have been indicted for stealing more than $86 million from investors and subcontractors in New York......»»

Net revenue of $5.5 million – a decrease of 11% over Q4 2020 Vanluven facility received EU-GMP certification allowing VIVO to export cannabis products for sale in Europe and Beacon Medical Germany GmbH received an import license to allow imports of me.....»»