Avon man under federal criminal investigation tied to marijuana business that swindled investors of $14 million, records say

Federal criminal investigators are looking into an Avon man's business dealings with a marijuana company based in Michigan, court records say.CLEVELAND, Ohio— An Avon man is the focus of a federal criminal investigation in Michigan tied to his role in a marijuana business that authorities said swindled investors out of some $14 million.

The U.S. attorney in western Michigan is handling the criminal investigation, according to a sworn statement filed by Williams’ attorney, Edmond Searby. Searby on Monday asked U.S. District Judge Bridget Brennan in Cleveland to halt proceedings in the SEC lawsuit to allow the criminal investigation to proceed.

The SEC’s lawsuit said Swaffer started the company in 2016 and took cash from at least 75 investors to grow marijuana and sell it commercially.

الإمارات العربية المتحدة أحدث الأخبار, الإمارات العربية المتحدة عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Sean 'Diddy' Combs to invest in cannabis business in NYIn a proposed deal, hip-hop superstar and businessman Sean 'Diddy' Combs is looking to invest big in the legal marijuana business in New York.
مصدر: fox5ny - 🏆 587. / 51 اقرأ أكثر »