Mark Roy Anderson pleaded guilty to wire fraud, admitting to tricking investors with a sham cannabis empire, including false claims of owning a hemp farm and successful harvests.
Anderson, a convicted con artist with a history of swindling, launched fraudulent businesses post-release, deceiving investors with non-existent operations.
He persuaded investors to fund his non-existent hemp farm for CBD production, claiming false success in prior harvests and using equipment he did not own.
In a separate scheme, Anderson misled investors by soliciting funds for fake companies Bio Pharma and Verta Bottling, falsely claiming successful manufacturing and production operations.
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