{"id":8193,"date":"2018-04-06T23:13:46","date_gmt":"2018-04-06T23:13:46","guid":{"rendered":"https:\/\/www.denverpost.com\/?p=3008311"},"modified":"2018-04-06T23:13:46","modified_gmt":"2018-04-06T23:13:46","slug":"marijuana-moguls-homes-in-snowmass-denver-cant-be-sold-during-fraud-litigation-judge-says","status":"publish","type":"post","link":"https:\/\/cannitrol.com\/blog\/marijuana-moguls-homes-in-snowmass-denver-cant-be-sold-during-fraud-litigation-judge-says\/","title":{"rendered":"Marijuana mogul\u2019s homes in Snowmass, Denver can\u2019t be sold during fraud litigation, judge says"},"content":{"rendered":"<div id=\"wp_fb_like_button\" style=\"margin:5px 0 5px 5px;float:right;height:100px;\"><script src=\"http:\/\/connect.facebook.net\/en_US\/all.js#xfbml=1\"><\/script><fb:like href=\"https:\/\/cannitrol.com\/blog\/marijuana-moguls-homes-in-snowmass-denver-cant-be-sold-during-fraud-litigation-judge-says\/\" send=\"true\" layout=\"standard\" width=\"450\" show_faces=\"false\" font=\"arial\" action=\"like\" colorscheme=\"light\"><\/fb:like><\/div><p>A house in Snowmass Village and a condo in Denver can\u2019t be sold while a securities-fraud case proceeds against a man accused of defrauding investors in a pump-and-dump marijuana stock scheme.<\/p>\n<figure id=\"attachment_2976668\" class=\"wp-caption alignright size-article_inline_third\"><img class=\" lazyautosizes lazyload\" src=\"https:\/\/cannitrol.com\/blog\/\/wp-content\/uploads\/2018\/04\/marijuana-moguls-homes-in-snowmass-denver-cant-be-sold-during-fraud-litigation-judge-says\" alt=\"Jeffrey O. Friedland\" width=\"616\" \/><figcaption class=\"wp-caption-text\">\n<p>The Aspen Times<\/p>\n<p>Jeffrey O. Friedland<\/figcaption><\/figure>\n<p>U.S. District Court judge Marcia S. Krieger last week froze the assets of Jeffrey Friedland, including the two homes and accounts containing nearly $3.1 million.<\/p>\n<p>The SEC sued Friedland in early March claiming that he was paid by OWC Pharmaceutical Research Corp., a marijuana-based pharmaceutical company in Israel, to tout its stock through blogs, media interviews and other media without disclosing that association. It is illegal under federal securities laws to publicize a company\u2019s stock for compensation without disclosing that.<\/p>\n<p>The SEC also contends Friedland used $7 million in ill-gotten gains to buy, among other things, the 2,796-square-foot Snowmass home for nearly $2 million in a cash transaction in August 2017.<\/p>\n<p>Friedland allegedly dumped the 5.1 million shares he received to campaign for OWC\u2019s stock, as well as 1.3 million shares he bought for $120,000 in 2013, for about $7 million in 2017, the complaint alleges.<\/p>\n<aside class=\"related right\" \/>\n<p>In addition to Freidland, a host of limited liability companies are named as defendants in the complaint.<\/p>\n<p>A former owner of retail pot shops in Breckenridge and Crested Butte, as well as a cannabis cultivation center near Steamboat Springs, Friedland wrote the book \u201cMarijuana: The World\u2019s Most Misunderstood Plant.\u201d<\/p>\n<p>Friedland and his co-defendants have until April 20 to file a response to the complaint.<\/p>\n<p>To read more of this story go to <a href=\"https:\/\/www.aspentimes.com\/news\/local\/judge-freezes-ownership-of-marijuana-moguls-snowmass-home\/\">aspentimes.com<\/a><\/p>\n<aside><\/aside>\n","protected":false},"excerpt":{"rendered":"<p>A house in Snowmass Village and a condo in Denver can&#8217;t be sold while a securities-fraud case proceeds against a man accused of defrauding investors in a pump-and-dump marijuana stock scheme. <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5062,6811,6812,7613,7612,6813,77,6814,9,6882,5019,1,3,61,1736],"tags":[5063,6816,6817,7615,7614,6818,2655,6819,6883,5022],"_links":{"self":[{"href":"https:\/\/cannitrol.com\/blog\/wp-json\/wp\/v2\/posts\/8193"}],"collection":[{"href":"https:\/\/cannitrol.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cannitrol.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cannitrol.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cannitrol.com\/blog\/wp-json\/wp\/v2\/comments?post=8193"}],"version-history":[{"count":0,"href":"https:\/\/cannitrol.com\/blog\/wp-json\/wp\/v2\/posts\/8193\/revisions"}],"wp:attachment":[{"href":"https:\/\/cannitrol.com\/blog\/wp-json\/wp\/v2\/media?parent=8193"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cannitrol.com\/blog\/wp-json\/wp\/v2\/categories?post=8193"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cannitrol.com\/blog\/wp-json\/wp\/v2\/tags?post=8193"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}