Men charged in medical marijuana investor fraud schemePosted by On

Two men are facing charges in connection with a scheme to get investors to buy into a medical marijuana grow operation and then pocket that money for their personal use, according to the Warren County Prosecutor’s Office.

Aaron Pitman, 34, of Morrow, Ohio, and Ryan Goldschmidt, 39, of Cincinnati, were indicted Monday on charges of aggravated theft, unauthorized use of property, telecommunications fraud, grand theft, unlawful securities practices and engaging in a pattern of corrupt activity, court records show.

The two men are accused of making misrepresentations to persuade investors into buying a stake in a medical marijuana grow operation in California that Pitman and Goldschmidt claimed to operate, as well as a CBD oil cartridge manufacturing business, prosecutors said in a news release.

Prosecutors say Pitman and Goldschmidt defrauded their investors through several business entities including Oak Street Group, GGB Assets and Excelsior Leasing.

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