Colorado: $2.5 million restitution ordered in black-market cannabis case

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Summary

He was sentenced in July to 12 years in prison. $2.5 million restitution ordered in black-market marijuana case No legal marijuana sales were reported or marijuana taxes paid. Four investors defrauded in a black-market marijuana trafficking scheme have been awarded nearly $2.5 million in restitution after the mastermind of the criminal enterprise was found guilty of racketeering and securities fraud, among other crimes. The DTO used the guise of a licensed and legal business – Harmony & Green and various iterations — to cultivate and distribute marijuana illegally. Harmony & Green never produced any marijuana that was legally sold.

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Published November 16, 2020. Four investors defrauded in a black-market marijuana trafficking scheme have been awarded nearly $2.5 million in restitution after the mastermind of the criminal enterprise was found guilty of racketeering and securities fraud, among other crimes.

Scott Pack

After a two-day hearing, Arapahoe District Court Michael Spear ordered the victims be paid restitution for the harm Scott Pack caused them when he took their money on false pretenses.

“It is fitting that Pack’s insatiable...

Read the full article @ Cannabis Law Report