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Fake Cannabis Billionaire Pleads Guilty To $35M Fraud Scam

Benzinga Real-time News ·  Jan 19, 2023 08:36

It's not just Congressional wannabes who invent lies about themselves to impress naïve voters and dupe their own party, it seems such posers have seeped into the cannabis industry as well. And, they're not just enhancing their resumé, they're stealing loads of money.

Justin Costello, who posed as a billionaire, a wounded Special Forces Iraq War veteran and a legal cannabis investor pleaded guilty to securities fraud in a Seattle federal court Wednesday.

The Costello Caper

The guilty plea came several months after an FBI SWAT team arrested Costello in a remote area of southern California...

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