No, no, no, no, there is no way people gave rappers monies for WeedGenics.
Read “Up in smoke: $60 million marijuana sta! rtup co-owned by rapper was a Ponzi scheme, feds say” on SmartNews: https://l.smartnews.com/p-2ucoS/73q0Ul
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 the rap career of one of the company’s founders, federal regulators said.
The Securities and Exchange Commission alleged in a civil complaint filed in California federal court that WeedGenics and its owners, Rolf Max Hirschmann and Patrick Earl Williams, promised investors that their money would be used to expand existing operations in California and Nevada.
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