A California investor claims marijuana chocolates brand Altai swindled him out of $750,000 under false pretenses. The CEO allegedly used the money on private jets and fancy hotels.
An investor is accusing marijuana chocolates company Altai of securities fraud, claiming the CEO lied about his own contributions to the company’s coffers and wasted the investor’s $750,000 on private jets, fancy hotels, and personal legal bills.
The investor filed the July 18 lawsuit anonymously, through the company Hannaford Enterprises, LLC, against Altai brands’ holding company, Indus.
