Fake cannabis billionaire Justin Costello pleads guilty in $35 million fraud, with recommended prison term of 10 years
Publishing timestamp: 2023-01-18 15:28:01
Summary
Justin Costello pleaded guilty to securities fraud after posing as a billionaire and twice-wounded Special Forces Iraq vet to dupe investors while portraying himself as a legal cannabis mogul. Under the plea agreement, prosecutors will recommend a sentence of 10 years in prison and Costello must pay victims of his frauds at least $35 million in restitution. The frauds related to cannabis firms, a would-be bank, and stock pump-and-dumps.
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Keywords: iraq, united states, grn holding corp, laws, corruption, business news, collusion, politics, hempstract inc, stock markets, crime, breaking news: politics,
Source: https://www.cnbc.com/2023/01/18/fake-billionaire-justin-costello-pleads-guilty-in-fraud.html