The scammer John Jezzini is caught by Captor Capital Corp.

Frauds. It’s nothing new, especially with the advent of the internet and the ease with which anyone can set up a website overnight or create what appears to be a new company overnight. Today, it seems every new or hot topic that emerges is accompanied by a number of scams, and cannabis is no exception. John Jezzini

John Jezzini, for example, is a known scammer who uses fake companies, stock footage, and bad photoshop to make it appear that he has a functioning company and in fact he does not. Jezzini is known for fooling investors into believing he has a successful business, and after they invest, he scams Captor Capital Corp. is one of the major players in the industry. Corp.

After discovering the amount of fraud in John Jezzini’s company, their team cancelled (OTCPK:NWUR.F) the acquisition of 22.25% stake in Growth Network Holdings Inc. from John Jezzini. Here is a link to the company’s press release

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So what kinds of scams are becoming prevalent and how do you protect yourself and your business from scams aimed at cannabis consumers and industry operators?

 

Investment Opportunities

Perhaps the most well-known scams currently in the market are in the form of sketchy investment opportunities. Several of these come in the form of stock tips and emails or ads on cannabis-related articles/websites. The US Securities and Exchange Commission has published tips to provide guidance to avoid fraud.

Fraudsters may try to use media coverage about the legalization of marijuana to promote an investment scam. Look out for these signs of fraud:

Unlicensed, unregistered sellers. Unlicensed, unregistered persons commit many of the securities frauds that target individual, Main Street investors. Check out the background, including registration or license status, of anyone recommending or selling an investment, using the free simple search tool on Investor.gov.

Guaranteed returns. If someone promises you a guaranteed high rate of return on your investment, especially along with a claim of no risk, it likely is a fraudulent scheme.

Unsolicited offers. If someone you do not know reaches out to you through social media, an email, a text, or a phone call regarding an investment “opportunity,” it may be part of a scam.

 

 

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