Investors in ‘cattle’ and cannabis were supporting $787M ponzi scheme

Stachniw and Throgmartin are each charged with one count of conspiracy to commit wire fraud and bank fraud, five counts of wire fraud and one count of conspiracy to engage in money transactions in property derived from specified unlawful activity, notes the justice statement.

In all three variations, the justice department reports that investors were told their returns would be 10 per cent to 20 per cent in as little as several weeks.

We have enabled email notifications—you will now receive an email if you receive a reply to your comment, there is an update to a comment thread you follow or if a user you follow comments.

This website uses cookies to personalize your content , and allows us to analyze our traffic.

…Read the full story