SEC Charges Arizona Man and His Companies With Defrauding Investors in Cannabis App Investment Scheme
April 30, 2025
April 30, 2025
WASHINGTON, April 30 -- The Securities and Exchange Commission issued the following litigation release (No. 2:25-cv-01043; D. Ariz. filed Mar. 28, 2025):
* * *
Securities and Exchange Commission v. David A. Spargo, et al., No. 2:25-cv-01043 (D. Ariz. filed Mar. 28, 2025)
On April 24, 2025, the Securities and Exchange Commission obtained a final judgment against David A. Spargo, a resident of Mesa, Arizona, and two entities in his control, CannaCloud, Inc. a . . .
* * *
Securities and Exchange Commission v. David A. Spargo, et al., No. 2:25-cv-01043 (D. Ariz. filed Mar. 28, 2025)
On April 24, 2025, the Securities and Exchange Commission obtained a final judgment against David A. Spargo, a resident of Mesa, Arizona, and two entities in his control, CannaCloud, Inc. a . . .