The former head of Ebony magazine, who was ousted last year amid allegations of financial impropriety, is among a group of people charged by the SEC with raising money for marijuana businesses but illegally using the cash for other things — including keeping the magazine afloat.
Willard Jackson, 57, is accused of taking part in a scheme that crowdfunded nearly $2 million for a series of marijuana-related real estate ventures, but whose principals kept the money for themselves, according to civil charges brought by the Securities…
This post was originally published on Market Watch
