Wednesday, October 4, 2023
Courthouse News Service
Wednesday, October 4, 2023 | Back issues
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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.

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