{"id":10241,"date":"2021-11-02T10:56:09","date_gmt":"2021-11-02T14:56:09","guid":{"rendered":"https:\/\/www.silverlaw.com\/blog\/?p=10241"},"modified":"2021-11-02T10:56:09","modified_gmt":"2021-11-02T14:56:09","slug":"sec-charges-three-individuals-two-companies-in-crowdfunding-fraud","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/sec-charges-three-individuals-two-companies-in-crowdfunding-fraud\/","title":{"rendered":"SEC Charges Three Individuals And Two Companies In Crowdfunding Fraud"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-8960 size-full\" src=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2020\/05\/Pot4.jpg\" alt=\"The SEC has found that two businesses that were alleged to invest in acquiring and leasing real estate to cannabis companies are frauds.  The three defendants who used two crowdfunding websites to raise capital for the alleged real estate businesses are:  Robert Samuel Shumake, Jr., of Bloomfield Hills, Michigan, the alleged \u201cringleader\u201d with multiple criminal convictions, including two felonies involving financial crimes and on probation Nicole T. Birch, a solo licensed attorney in Georgia with a personal relationship to Shumake Willard L. Jackson, of Houston, Texas, the CEO and sole director of 420 Real Estate  All falsely represented themselves to investors, as well as omitted Shumake\u2019s previous criminal record and other important facts to investors in connection with the crowdfunding offerings. They then redirected thousands of dollars from investor funds to different accounts for their own personal benefit.\u00a0\" width=\"300\" height=\"200\" srcset=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2020\/05\/Pot4.jpg 300w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2020\/05\/Pot4-180x120.jpg 180w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>The SEC has found that two businesses that were alleged to invest in acquiring and leasing real estate to cannabis companies are frauds. The three defendants who used two crowdfunding websites to raise capital for the alleged real estate businesses are: <a href=\"https:\/\/www.silverlaw.com\/blog\/sec-charges-three-individuals-two-companies-in-crowdfunding-fraud\/#more-10241\" class=\"more-link\">Continue reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The SEC has found that two businesses that were alleged to invest in acquiring and leasing real estate to cannabis companies are frauds. The three defendants who used two crowdfunding websites to raise capital for the alleged real estate businesses are: Continue reading \u203a<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[595,1306],"tags":[],"class_list":["post-10241","post","type-post","status-publish","format-standard","hentry","category-investment-fraud","category-marijuana-investments"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SEC Charges Three Individuals, Two Companies In Crowdfunding Fraud<\/title>\n<meta name=\"description\" content=\"The SEC found that two businesses that raised money with crowdfunding to invest in real estate related to cannabis companies are frauds.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.silverlaw.com\/blog\/sec-charges-three-individuals-two-companies-in-crowdfunding-fraud\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"SEC Charges Three Individuals, Two Companies In Crowdfunding Fraud\" \/>\n<meta name=\"twitter:description\" content=\"The SEC found that two businesses that raised money with crowdfunding to invest in real estate related to cannabis companies are frauds.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2020\/05\/Pot4.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Silver Law Group\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"SEC Charges Three Individuals, Two 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minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.silverlaw.com\/blog\/sec-charges-three-individuals-two-companies-in-crowdfunding-fraud\/#article","isPartOf":{"@id":"https:\/\/www.silverlaw.com\/blog\/sec-charges-three-individuals-two-companies-in-crowdfunding-fraud\/"},"author":{"name":"Silver Law Group","@id":"https:\/\/www.silverlaw.com\/blog\/#\/schema\/person\/de64d999508b1ad10d608a99f0d2e752"},"headline":"SEC Charges Three Individuals And Two Companies In Crowdfunding Fraud","datePublished":"2021-11-02T14:56:09+00:00","mainEntityOfPage":{"@id":"https:\/\/www.silverlaw.com\/blog\/sec-charges-three-individuals-two-companies-in-crowdfunding-fraud\/"},"wordCount":1032,"image":{"@id":"https:\/\/www.silverlaw.com\/blog\/sec-charges-three-individuals-two-companies-in-crowdfunding-fraud\/#primaryimage"},"thumbnailUrl":"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2020\/05\/Pot4.jpg","articleSection":["Investment 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