Sunday, December 4, 2022 | Back issues
Courthouse News Service Courthouse News Service

Marijuana Ponzi

The SEC claims Guy Scott Griffithe, 40, of Laguna Niguel, Calif., and Robert William Russell, 60, of Duvall, Wash., defrauded investors of $4.9 million by selling them worthless “interests” in three alleged marijuana businesses, Renewable Technologies Solution, Green Acres Pharms, and SMRB, in federal court.

LOS ANGELES — The SEC brought a federal complaint against Guy Scott Griffithe, 40, of Laguna Niguel, Calif., and Robert William Russell, 60, of Duvall, Wash., saying they defrauded investors of $4.9 million by selling them worthless “interests” in three alleged marijuana businesses, Renewable Technologies Solution, Green Acres Pharms, and SMRB.

Read the Top 8

Sign up for the Top 8, a roundup of the day's top stories delivered directly to your inbox Monday through Friday.

Loading
Loading...