Citron Busts Medbox, Inc. (OTCBB:MDBX) for MULTIPLE FRAUDS — Stock Is Worthless
It seems like every aspect of this billion-dollar-market cap business is laced with outrageous examples of intentional deception.
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Excerpt:
Introducing Medbox
In this report Citron is not going to rehash the numerous law enforcement red flags adorning the bios of the nefarious characters behind MedBox, and their many go-rounds with criminal and civil law enforcement entities. Citron believes these disturbing facts are extremely relevant to investors, but they have been previously detailed very thoroughly by the Southern Investigative Reporting Foundation as well as other media outlets. For those of you who do not know who is running the show, you can read it here: http://sirf-online.org/tag/medbox/
Instead, this report will focus on the systemic fraud throughout this company and the stock promotion behind the fraud that has brought this worthless company to a $1 bil market cap. Yes you read that correctly. There are currently 44,500,750 shares outstanding.
So What Exactly is Medbox Selling?
Good question. Medbox claims they are not in the marijuana business, but rather offering products and services to candidates for dispensaries…
