September 05, 2017
A California federal judge has approved two settlements between the ex-fiancee of an alleged stock fraudster, the company she ran that helped pump up Medbox Inc.'s revenue, and the U.S. Securities and Exchange Commission that call for $6.5 million in disgorgement and fines.
March 22, 2017
The founder of medical marijuana dispenser Medbox Inc. agreed to pay $12.3 million to end the U.S. Securities and Exchange Commission's allegations that he used sham transactions with a shell company run by his fiancée to fraudulently inflate Medbox's revenues, according to a deal filed in California federal court Tuesday.