-
市場
-
產品
-
資訊
-
Moo社區
-
課堂
-
查看更多
-
功能介紹
-
費用費用透明,無最低余額限制
投資選擇、功能介紹、費用相關信息由Moomoo Financial Inc.提供
- English
- 中文繁體
- 中文简体
- 深色
- 淺色
Unrivaled Brands Files Suit Against People's California For Fraud Related To Dispensary Acquisition
Unrivaled Brands Files Suit Against People's California For Fraud Related To Dispensary Acquisition
Unrivaled Brands, Inc. (OTCQX: UNRV) filed a cross-complaint on September 20, 2022 against Frank Kavanaugh, Jay Yadon, Bernard Steimman, and their company, People's California, LLC for fraud and negligent misrepresentation related to the sale of the dispensary People's First Choice and other assets to Unrivaled in November 2021. A cross-complaint is an independent action brought by a party against a co-party, the original plaintiff, or someone who is not yet a party to the lawsuit.
People's California lists Fort Ashford Funds, BRP Ventures, and People's, LLC as Managers/Members on filings with the California Secretary of State. Fort Ashford Funds is a privately held investment firm that lists Frank Kavanaugh, Susan Kavanaugh, and Andrew Krajacic as managing directors on its website. BRP Ventures is a consulting firm listing John Yadon as a manager/member.
What Happened
Unrivaled alleges in the cross-complaint that, among other things, around the time of the sale, Kavanaugh, Yadon and Steimman, through an entity known as New Patriot Holdings, Inc., siphoned away over $5,000,000 from Unrivaled through backdated accounting entries and write-offs related to the People's Dispensary.
"One of my first tasks as Interim CEO was to investigate the events and circumstances related to the acquisition of People's California assets. I had grave concerns about the transactions and the significant red flags surrounding the deals. The more my team digs into the facts, the more we find," said newly appointed interim CEO Sabas Carrillo. "In addition to our Cross-Complaint for fraud based on what my team and I had found after only a few weeks at Unrivaled, we expect additional claims will have to be made in the near future as we continue to investigate."
According to the complaint, Unrivaled assumed over $4,000,000 in IRS tax debt accrued by the People's Dispensary while under the leadership of Kavanaugh, Yadon, and Steimman. In addition, the complaint alleges that $17,000,000 in cash was required to be paid by Unrivaled before the deal had even closed. The cross-complaint also notes that part of the substantial up-front cash payment was demanded because Kavanaugh, Yadon, and Steimman required funding for a pending project in Salinas, California.
"We want our shareholders, the city of Santa Ana, and the entire California cannabis community to know that we are committed to aggressively defending Unrivaled from fraud," Carrillo said.
Unrivaled Brands, Inc. (OTCQX: UNRV) filed a cross-complaint on September 20, 2022 against Frank Kavanaugh, Jay Yadon, Bernard Steimman, and their company, People's California, LLC for fraud and negligent misrepresentation related to the sale of the dispensary People's First Choice and other assets to Unrivaled in November 2021. A cross-complaint is an independent action brought by a party against a co-party, the original plaintiff, or someone who is not yet a party to the lawsuit.
無與倫比的品牌公司 (OTCQX: 新澤西)於2022年9月20日對弗蘭克·卡瓦諾、傑伊·亞登、伯納德·斯泰曼以及他們的公司,人民加州有限責任公司與出售藥房有關的欺詐和疏忽的失實陳述人民羣眾的第一選擇和其他資產在2021年11月達到無與倫比的水平。交叉申訴是一方當事人對共同當事人、原始原告或尚未成為訴訟一方的人提起的獨立訴訟。
People's California lists Fort Ashford Funds, BRP Ventures, and People's, LLC as Managers/Members on filings with the California Secretary of State. Fort Ashford Funds is a privately held investment firm that lists Frank Kavanaugh, Susan Kavanaugh, and Andrew Krajacic as managing directors on its website. BRP Ventures is a consulting firm listing John Yadon as a manager/member.
人民加州在提交給加州國務卿的文件中,將Fort Ashford Funds、BRP Ventures和People‘s,LLC列為經理/成員。Fort Ashford Funds是一傢俬人持股的投資公司,弗蘭克·卡瓦諾、蘇珊·卡瓦諾和安德魯·克拉賈西奇在其網站上擔任董事總經理。BRP Ventures是一家諮詢公司,將John Yadon列為經理/成員。
What Happened
怎麼了
Unrivaled alleges in the cross-complaint that, among other things, around the time of the sale, Kavanaugh, Yadon and Steimman, through an entity known as New Patriot Holdings, Inc., siphoned away over $5,000,000 from Unrivaled through backdated accounting entries and write-offs related to the People's Dispensary.
無與倫比在交叉訴狀中稱,除其他外,在出售時,卡瓦諾、亞登和施泰曼通過一家名為New Patriot Holdings,Inc.的實體,通過回溯會計分錄從無與倫比的會計分錄中抽走了500多萬美元與人民藥房有關的核銷。
"One of my first tasks as Interim CEO was to investigate the events and circumstances related to the acquisition of People's California assets. I had grave concerns about the transactions and the significant red flags surrounding the deals. The more my team digs into the facts, the more we find," said newly appointed interim CEO Sabas Carrillo. "In addition to our Cross-Complaint for fraud based on what my team and I had found after only a few weeks at Unrivaled, we expect additional claims will have to be made in the near future as we continue to investigate."
新任命的臨時首席執行官表示:“作為臨時首席執行官,我的首要任務之一是調查與收購人們在加州的資產相關的事件和情況。我對這些交易以及圍繞這些交易的重大危險信號感到嚴重擔憂。我的團隊越是深入調查事實,我們發現的就越多。”首席執行官薩巴斯·卡里洛。“除了我們對欺詐的交叉投訴是基於我和我的團隊在無與倫比工作了幾周後發現的,我們預計在不久的將來,隨着我們繼續調查,還將不得不提出更多的索賠。”
According to the complaint, Unrivaled assumed over $4,000,000 in IRS tax debt accrued by the People's Dispensary while under the leadership of Kavanaugh, Yadon, and Steimman. In addition, the complaint alleges that $17,000,000 in cash was required to be paid by Unrivaled before the deal had even closed. The cross-complaint also notes that part of the substantial up-front cash payment was demanded because Kavanaugh, Yadon, and Steimman required funding for a pending project in Salinas, California.
根據起訴書,無與倫比地承擔了人民藥房在卡瓦諾、亞登和施泰曼領導下積累的超過400萬美元的國税局税收債務。此外,訴狀稱,在交易完成之前,無與倫比就要求支付17,000,000美元的現金。交叉起訴書還指出,要求支付大量預付現金的一部分是因為卡瓦諾、亞登和施泰曼需要為加利福尼亞州薩利納斯的一個懸而未決的項目提供資金。
"We want our shareholders, the city of Santa Ana, and the entire California cannabis community to know that we are committed to aggressively defending Unrivaled from fraud," Carrillo said.
卡里洛説:“我們希望我們的股東、聖安娜市政府和整個加州大麻社區知道,我們致力於積極保護無與倫比的大麻免受欺詐。”
moomoo是Moomoo Technologies Inc.公司提供的金融資訊和交易應用程式。
在美國,moomoo上的投資產品和服務由Moomoo Financial Inc.提供,一家受美國證券交易委員會(SEC)監管的持牌主體。 Moomoo Financial Inc.是金融業監管局(FINRA)和證券投資者保護公司(SIPC)的成員。
在新加坡,moomoo上的投資產品和服務是通過Moomoo Financial Singapore Pte. Ltd.提供,該公司受新加坡金融管理局(MAS)監管(牌照號碼︰CMS101000) ,持有資本市場服務牌照 (CMS) ,持有財務顧問豁免(Exempt Financial Adviser)資質。本內容未經新加坡金融管理局的審查。
在澳大利亞,moomoo上的金融產品和服務是通過Futu Securities (Australia) Ltd提供,該公司是受澳大利亞證券和投資委員會(ASIC)監管的澳大利亞金融服務許可機構(AFSL No. 224663)。請閱讀並理解我們的《金融服務指南》、《條款與條件》、《隱私政策》和其他披露文件,這些文件可在我們的網站 https://www.moomoo.com/au中獲取。
在加拿大,透過moomoo應用程式提供的僅限訂單執行的券商服務由Moomoo Financial Canada Inc.提供,並受加拿大投資監管機構(CIRO)監管。
在馬來西亞,moomoo上的投資產品和服務是透過Moomoo Securities Malaysia Sdn. Bhd. 提供,該公司受馬來西亞證券監督委員會(SC)監管(牌照號碼︰eCMSL/A0397/2024) ,持有資本市場服務牌照 (CMSL) 。本內容未經馬來西亞證券監督委員會的審查。
Moomoo Technologies Inc., Moomoo Financial Inc., Moomoo Financial Singapore Pte. Ltd.,Futu Securities (Australia) Ltd, Moomoo Financial Canada Inc和Moomoo Securities Malaysia Sdn. Bhd., 是關聯公司。
風險及免責聲明
moomoo是Moomoo Technologies Inc.公司提供的金融資訊和交易應用程式。
在美國,moomoo上的投資產品和服務由Moomoo Financial Inc.提供,一家受美國證券交易委員會(SEC)監管的持牌主體。 Moomoo Financial Inc.是金融業監管局(FINRA)和證券投資者保護公司(SIPC)的成員。
在新加坡,moomoo上的投資產品和服務是通過Moomoo Financial Singapore Pte. Ltd.提供,該公司受新加坡金融管理局(MAS)監管(牌照號碼︰CMS101000) ,持有資本市場服務牌照 (CMS) ,持有財務顧問豁免(Exempt Financial Adviser)資質。本內容未經新加坡金融管理局的審查。
在澳大利亞,moomoo上的金融產品和服務是通過Futu Securities (Australia) Ltd提供,該公司是受澳大利亞證券和投資委員會(ASIC)監管的澳大利亞金融服務許可機構(AFSL No. 224663)。請閱讀並理解我們的《金融服務指南》、《條款與條件》、《隱私政策》和其他披露文件,這些文件可在我們的網站 https://www.moomoo.com/au中獲取。
在加拿大,透過moomoo應用程式提供的僅限訂單執行的券商服務由Moomoo Financial Canada Inc.提供,並受加拿大投資監管機構(CIRO)監管。
在馬來西亞,moomoo上的投資產品和服務是透過Moomoo Securities Malaysia Sdn. Bhd. 提供,該公司受馬來西亞證券監督委員會(SC)監管(牌照號碼︰eCMSL/A0397/2024) ,持有資本市場服務牌照 (CMSL) 。本內容未經馬來西亞證券監督委員會的審查。
Moomoo Technologies Inc., Moomoo Financial Inc., Moomoo Financial Singapore Pte. Ltd.,Futu Securities (Australia) Ltd, Moomoo Financial Canada Inc和Moomoo Securities Malaysia Sdn. Bhd., 是關聯公司。
- 分享到weixin
- 分享到qq
- 分享到facebook
- 分享到twitter
- 分享到微博
- 粘贴板
使用瀏覽器的分享功能,分享給你的好友吧