Securities and Exchange Commission v. Caridi

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Case overview

Case Number:

3:23-cv-01243

Court:

Connecticut

Nature of Suit:

Securities/Commodities

Judge:

Sarala V. Nagala

Government Agencies

  1. October 16, 2024

    SEC To Settle Claims CBD Exec Took $13M From Hospital

    The U.S. Securities and Exchange Commission is ready to make a deal with a former cannabidiol products executive accused of taking $13 million from a hospital after falsely promising to deliver urgently needed masks during the height of the pandemic.

  2. October 01, 2024

    Ex-CBD Exec Must Face SEC Fraud Suit Over $13M Deal

    The U.S. Securities and Exchange Commission sufficiently backed its claims that a former cannabidiol products executive misled investors, including by making false statements in press releases, a Connecticut federal judge has ruled.

  3. September 25, 2023

    SEC Says CBD Exec Defrauded Hospital Of $13M During COVID

    The U.S. Securities and Exchange Commission filed a new complaint against the former chief executive officer of a pain management and cannabidiol products company, alleging that he tricked a hospital into paying $13 million for millions of sorely needed N-95 masks during the COVID-19 pandemic despite knowing he could not deliver.