Alleged Bogus Cryptocurrency And Marijuana Trading Operation Hit By Texas Regulator

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An alleged bogus trading operation linking cyrptocurrency and medical marijuana was hit by a Texas state regulator today. Photographer: Luke MacGregor/Bloomberg

An alleged bogus trading operation offering 8 percent weekly returns linking cryptocurrency and medical marijuana was hit by a Texas regulator Thursday.

The Texas Securities Board filed a cease and desist order against Mark Moncher for allegedly trying to sell unregistered securities through his Financial Freedom Club also known as Millionaire Mentor University.

But hours after the order was issued, www.millionairementoruniversity.com was still online.

In its order, the Texas regulator cites wording from the website saying its investors are getting an 8 percent return on their money weekly.

Their money would buy cryptocurrency which in turn would be loaned to a medical marijuana operatuib in California.

In its boasts, www.millionairementoruniversity.com says it has the resources to give investors financial independence in 30 to 60 to 90 to 120 days.

“Never work hard again,” the site advertises.

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An alleged bogus trading operation linking cyrptocurrency and medical marijuana was hit by a Texas state regulator today. Photographer: Luke MacGregor/Bloomberg

An alleged bogus trading operation offering 8 percent weekly returns linking cryptocurrency and medical marijuana was hit by a Texas regulator Thursday.

The Texas Securities Board filed a cease and desist order against Mark Moncher for allegedly trying to sell unregistered securities through his Financial Freedom Club also known as Millionaire Mentor University.

But hours after the order was issued, www.millionairementoruniversity.com was still online.

In its order, the Texas regulator cites wording from the website saying its investors are getting an 8 percent return on their money weekly.

Their money would buy cryptocurrency which in turn would be loaned to a medical marijuana operatuib in California.

In its boasts, www.millionairementoruniversity.com says it has the resources to give investors financial independence in 30 to 60 to 90 to 120 days.

“Never work hard again,” the site advertises.

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