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Thursday, June 13, 2024 | Back issues
Courthouse News Service Courthouse News Service

Weed pen Ponzi scheme

LAS VEGAS — A federal court in Nevada granted a marijuana vape pen investor’s motion to compel foreign discovery. The investor wants to file a lawsuit in Canada against the operator of an alleged Ponzi scheme that defrauded him of $4.6 million. The proposed litigation is not speculative because the scheme operator has already pleaded guilty to a civil Securities and Exchange Commission complaint and a criminal complaint.

Read the ruling here.

Categories / Briefs, Business, Securities

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