Scammers will try to take advantage of excitement around legal cannabis, too.

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Cannabis Capital

Learn how to get your business funded in the Cannabis economy!

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Last May, the US Department of Justice charged Reva Joyce Stachniw of Illinois, as well as Ron Throgmartin of Georgia, with operating a Ponzi scheme that earned them $650 million sourced from investors they tricked all over the country.

Based on the grand jury indictment in Colorado, it was going on from late 2017 through early 2019, resulting in investors suffering from millions of dollars in losses. Court documents say that Reva and Ron, together with a conspirator named Mark Ray, committed fraud by falsely showing their victims that their financial…

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