Updates to our Terms of Use

We are updating our Terms of Use. Please carefully review the updated Terms before proceeding to our website.

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

Subscribe to Closing Arguments

Sign up for new weekly newsletter Closing Arguments to get the latest about ongoing trials, major litigation and hot cases and rulings in courthouses around the U.S. and the world.