Among the allegations, the SEC states that "Strategic and Fellner also made material misrepresentations and omissions in connection with a January 2014 securities offering by failing to disclose in Strategic’s Form 1-A offering documents filed with the Commission that: (a) Strategic had used investor proceeds to enter the marijuana business; and (b) Strategic had later decided to exit that business." The complaint also states that STBV never had the ability to operate a marijuana business or legally generate income from that business.
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We would not be surprised to learn of coming indictments in the STBV matter. It certainly seems clear that Fellner belongs in prison.
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