Ponzi Scheme Raised $32M for Nonexistent Cannabidiol Vape Pens, SEC Suit Alleges
This suit was surfaced by Law.com Radar. Read the complaint here.
April 06, 2022 at 11:11 PM
1 minute read
The U.S. Securities and Exchange Commission sued David J. Bunevacz, his stepdaughter Mary Hayca Bunevacz and other defendants Tuesday in California Central District Court for allegedly engaging in a Ponzi scheme and the unregistered sale of securities. The lawsuit contends that the defendants raised more than $32 million from investors toward a nonexistent cannabidiol vape pens venture. Counsel have not yet appeared for the defendants. The case is 2:22-cv-02284, Securities and Exchange Commission v. Bunevacz et al.
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