Securities Fraud Saga Comes To Close As Former Cannabiz Mobile Consultant Receives Final Judgment
A years-long legal saga related to a cannabis securities fraud scheme around publicly traded Cannabiz Mobile (OTC:LGBI) has finally come to a close.
The U.S. Attorney’s Office, District of Massachusetts issued a final judgment this week against Anthony Jay Pignatello for misleading investors of Cannabiz Mobile, where he served as a consultant and secretary.
The U.S. Securities Exchange Commission initially filed a complaint in 2016, accusing Pignatello, and other named defendants of being a part of a scheme to defraud investors.
Pignatello participated in a pump-and-dump scheme around a decade ago with at least one other co-conspirator, former Cannabiz Mobile owner Christopher Esposito who already pled guilty last spring to fraud.
See also: SEC Shuts Down WeedGenics $60M Cannabis Offering Fraud
The duo allegedly …