Ex-Pot Dispenser Exec Pays SEC $12M Over Fraudulent Sales

By Cara Mannion ( March 22, 2017, 5:40 PM EDT) -- 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....

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