Monday, September 18, 2023
Courthouse News Service
Monday, September 18, 2023 | Back issues
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Marijuana fraud fine

SAN FRANCISCO — The Ninth Circuit upheld the lower court’s enforcement of a Securities and Exchange Commission finding that two men defrauded 25 investors out of almost $4.9 million through the sale of unregistered and fictitious securities in their cannabis companies. They owe more than $654,000 in penalties.

Read the ruling here.

Read prior coverage here.

Categories / Appeals, Briefs, Securities

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