Tren Griffin+ Your Authors @trengriffin I work for Microsoft. Previously I was a partner at Eagle River, a private equity firm established by Craig McCaw. I am on the board of directors of Kymeta. Feb. 03, 2020 1 min read + Your Authors

How much cash is left? Not profit. Cash.

Promoters spent part of the investors’ funds — ~ $3.5M on 2008 Bentley Continental, a 2012 Mercedes-Benz C-Class, a 2015 Porsche Panamera, along with $250,000 toward a yacht and expenses related to a movie company.  https://www.seattletimes.com/business/local-business/cannabis-farm-near-anacortes-is-accused-of-running-4-85-million-ponzi-scheme/ 

"To create the illusion that the marijuana business was profitable and paying dividends Griffithe allegedly paid out purported profit distributions to some investors, which were partially funded in a Ponzi-like fashion using funds from other investors."  https://www.sec.gov/litigation/litreleases/2020/lr24722.htm 

"We are working with a 40% profit margin about [sic] acquisition, packaging and distribution to the retailers. This along with the flower will move us into the gross revenue range of 1.3-1.4M per month with profits at 40-42%. WE ARE HERE!!!!!!"  https://www.courthousenews.com/wp-content/uploads/2020/01/Marijuana-Ponzi.pdf 


You can follow @trengriffin.



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