Categories: aggregated

What Happened to the $650 Million Dollar Cannabis Ponzi Scheme – And How to Spot One

Sixty-year-old Robert Russell from Duvall was charged by the US Securities and Exchange commission with violations of federal securities law, reports the Seattle Times. There was also an SEC complained, filed January 21, in a California federal court which states that investors were attracted to the offer because of Russell’s generous profits from his cannabis farm. Green Acre Pharms. Russell worked with a co-conspirator, Guy Scott Griffithe of California, who exhausted $3.5 million of the investors’ cash on “extravagant luxuries, inappropriate personal expenditures, and unrelated business ventures,” says the SEC complaint. Among these were a yacht and luxury vehicles.

Jason

Share
Published by
Jason

Recent Posts

Colombian President Says ‘Weed Was for Protest, Cocaine Is the Drug of Capital’

Yesterday, Colombian President Gustavo Petro appeared before the UN Commission on Narcotic Drugs, where he…

6 hours ago

Before Weed Learned To Fake Female Empowerment, Harlee Case Made It Real. Now She’s Giving It A Soundtrack.

Before New Constellations started turning heads with dreamy synth-pop and soft-focus heat, Harlee Case was…

6 hours ago

New High Times Documentary Explores the Blunt’s Next Chapter

In High Times’ new documentary on Rove, one of cannabis culture’s most enduring rituals gets…

6 hours ago

Censored Everywhere, Cinematic Anyway: The New Weed Ad Playbook

The best weed ads don’t feel like ads anymore. They feel like content built to…

6 hours ago

I Was a Cop Who Enforced Marijuana Laws. Now I’m Speaking Out.

“Do you know why I stopped you this evening?” “No sir, I was going the…

6 hours ago

Virginia Lawmakers Passed A Bill To Free Weed Prisoners. Now It’s Up To The Governor.

Virginia lawmakers have sent a marijuana resentencing bill to Gov. Abigail Spanberger, opening a path…

1 day ago