High Times Magazine Executive Pleads Guilty In Securities Fraud Scheme – $20 Million From ‘Investor-Victims’
The founder and chairman of Hightimes Holding Corp., the company that publishes High Times magazine, has agreed to plead guilty to joining a criminal conspiracy to pay more than $150,000 in undisclosed compensation to an analyst for an investment newsletter that touted its stock and assisted Hightimes in raising at least $6 million, officials said Friday.
Adam Levin was charged last month with one federal count of conspiracy to tout securities for undisclosed compensation. In a plea agreement filed Dec. 20, Levin agreed to plead guilty to the felony offense, according to the U.S. Attorney’s Office.
Levin, who purchased the iconic cannabis magazine in 2017 following the death of its original owner of 40 years, the late Michael J. Kennedy, ESQ, is scheduled to appear in a Los Angeles federal court on Jan. 14.
Read More: High Times Hit With $5M Class …