Financial Crime: Up in smoke: $60 million marijuana startup co-owned by rapper was a Ponzi scheme, Feds say
The SEC says money raised for WeedGenics was spent on cars, houses and adult entertainment — and to prop up rapper BigRigBaby’s career
A California startup that raised $60 million to develop a marijuna-growing operation was actually a Ponzi scheme with the money used to buy luxury cars, houses and adult entertainment and to sustain …