Feds Allege $60M Industry Ponzi Scheme and Shut Down WeedGenics

Reported by Sue Dehnam Two individuals behind the company WeedGenics are accused of running a Ponzi scheme and spending tens of millions of dollars on luxury cars, residential upgrades, and adult entertainment. The U.S. Securities and Exchange Commission (SEC) obtained an emergency order on May 23 to suspend what they allege is an ongoing fraud and Ponzi-like […]