Securities and Exchange Commission v. Notis Global, Inc. et al
Case Number:
2:17-cv-01905
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Nature of Suit:
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Firms
Government Agencies
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September 05, 2017
SEC Inks $6.5M Deal In Marijuana Stock Fraud Row
A California federal judge has approved two settlements between the ex-fiancee of an alleged stock fraudster, the company she ran that helped pump up Medbox Inc.'s revenue, and the U.S. Securities and Exchange Commission that call for $6.5 million in disgorgement and fines.
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March 22, 2017
Ex-Pot Dispenser Exec Pays SEC $12M Over Fraudulent Sales
The founder of medical marijuana dispenser Medbox Inc. agreed to pay $12.3 million to end the U.S. Securities and Exchange Commission's allegations that he used sham transactions with a shell company run by his fiancée to fraudulently inflate Medbox's revenues, according to a deal filed in California federal court Tuesday.