---
title: Man tricks victims into investing $9 Million in fake hemp farm
description: A Beverly Hills man was charged Tuesday for allegedly soliciting more than $9 million from investors for a nonexistent hemp farm. The suspect, Mark Roy And
image: https://420intel.com/hubfs/Imported_Blog_Media/Beverly%20Hills%20man%20charged%20with%20scamming%20victims%20over%20$9%20million%20for%20fake%20hemp%20farm.jpg
---

[![420intel.com](https://420intel.com/hs-fs/hubfs/Asset%2016-1.png?width=300&height=162&name=Asset%2016-1.png "420intel.com")](https://420intel.com)

- [Home](https://420intel.com)
- [Advertise](https://420intel.com/advertise)
- [Directory](https://420intel.com/directory)
- [Topics](https://420intel.com/blog) 
    - [Recreational News](https://420intel.com/blog/tag/recreational-cannabis-news)
    - [Business News](https://420intel.com/tag/cannabis-business-news)
    - [Politics](https://420intel.com/tag/cannabis-politics)
    - [Technology](https://420intel.com/tag/cannabis-technology-news)
    - [Research](https://420intel.com/tag/medical-cannabis-news)
- [Contact](https://420intel.com/contact-us)

- [Follow us on Facebook](https://www.facebook.com/420intel)
- [Follow us on LinkedIn](https://www.linkedin.com/company/420-intel/)
- [Follow us on Twitter](https://x.com/420intel)
- [Follow us on Instagram](https://www.instagram.com/420intel)

### Press ESC to close

[![420intel.com](https://420intel.com/hs-fs/hubfs/Asset%2016-1.png?width=300&height=162&name=Asset%2016-1.png "420intel.com")](https://420intel.com)

- [Home](https://420intel.com)
- [Advertise](https://420intel.com/advertise)
- [Directory](https://420intel.com/directory)
- [Topics](https://420intel.com/blog) 
    - [Recreational News](https://420intel.com/blog/tag/recreational-cannabis-news)
    - [Business News](https://420intel.com/tag/cannabis-business-news)
    - [Politics](https://420intel.com/tag/cannabis-politics)
    - [Technology](https://420intel.com/tag/cannabis-technology-news)
    - [Research](https://420intel.com/tag/medical-cannabis-news)
- [Contact](https://420intel.com/contact-us)

- [Follow us on Facebook](https://www.facebook.com/420intel)
- [Follow us on LinkedIn](https://www.linkedin.com/company/420-intel/)
- [Follow us on Twitter](https://x.com/420intel)
- [Follow us on Instagram](https://www.instagram.com/420intel)

# Man tricks victims into investing $9 Million in fake hemp farm

- [Admin](https://420intel.com/blog/author/admin)
- [Cannabis Business News](https://420intel.com/blog/tag/cannabis-business-news)
- 7 March 2024

## A Beverly Hills man was charged Tuesday for allegedly soliciting more than $9 million from investors for a nonexistent hemp farm.

The suspect, Mark Roy Anderson, 68, is a disbarred attorney who is currently serving an 11.5-year sentence for an unrelated crime at the time of the indictment.

In 2012, Anderson was found guilty of running an “investment scheme that collected more than $9.5 million from victims who were falsely promised huge profits through investments in various oil companies and oil ventures,” according to the U.S. Attorney’s Office.

In the current case, Anderson faces five counts of wire fraud alleging he tricked investors into providing funds for his company, Harvest Farm Group, to harvest and process hemp that would be turned into medical-grade CBD isolate and sold for a substantial profit.

Anderson allegedly used the stolen funds for personal expenses including over $650,000 worth of luxury and vintage vehicles, over $142,000 in retail purchases and other expenses, withdrawing over $400,000 in cash, and over $1.3 million for a residence and surrounding citrus groves in Ojai.

Authorities said Anderson attempted to cover his previous criminal past from investors, assuring them he “was not the ‘Mark Roy Anderson’ with multiple prior fraud convictions,” according to court documents.

“The indictment alleges Anderson ‘concealed that he had been convicted of multiple federal and state felony crimes, including mail fraud, wire fraud, grand theft, forgery, preparing false evidence, and money laundering, and concealed that he was still serving a criminal sentence and still on supervised release at the time he was soliciting investments,’” officials said.

Anderson is being held without bond and is scheduled to be arraigned at a U.S. District Court on May 30.

If convicted, he faces a maximum sentence of 20 years for each count of wire fraud.

## For more Cannabis News like this, circle back to [420intel.com](https://420intel.com/)!

## [420 Intel News](https://420intel.com/content/about-us) | [420 Advertising](https://420intel.com/contact/advertising_opportunities) | [Cannabis Business News](https://420intel.com/articles/marijuana-business-news) | [Medical Marijuana News](https://420intel.com/articles/medical-cannabis-news) | [Recreational Marijuana News](https://420intel.com/articles/recreational-marijuana-news)

[Cannabis Business News](https://420intel.com/blog/tag/cannabis-business-news)

#### [Admin](https://420intel.com/blog/author/admin)

[Cannabis Politics](https://420intel.com/blog/tag/cannabis-politics) [![Marijuana legalization fails in Florida as voters in dozens of states weigh more than 140 ballot measures](https://420intel.com/hs-fs/hubfs/AI-Generated%20Media/Images/An%20image%20of%20voters%20in%20Florida%20weighing%20more%20than%20140%20ballot%20measures%2c%20with%20specific%20focus%20on%20Ballot%20Initiatives%202D%20and%20300%20in%20Colorado%20Springs%2c%20Colora.jpeg?width=550&height=395&name=An%20image%20of%20voters%20in%20Florida%20weighing%20more%20than%20140%20ballot%20measures%2c%20with%20specific%20focus%20on%20Ballot%20Initiatives%202D%20and%20300%20in%20Colorado%20Springs%2c%20Colora.jpeg)](https://420intel.com/blog/marijuana-legalization-fails-in-florida-as-voters-in-dozens-of-states-weigh-more-than-140-ballot-measures)

- [![Buzz](https://420intel.com/hs-fs/hubfs/Buzz-No%20Outline-2.png?width=80&height=80&name=Buzz-No%20Outline-2.png) Buzz](https://420intel.com/blog/author/buzz)
- 7 November 2024

#### [Marijuana legalization fails in Florida as voters in dozens of states weigh more than 140 ballot measures](https://420intel.com/blog/marijuana-legalization-fails-in-florida-as-voters-in-dozens-of-states-weigh-more-than-140-ballot-measures)

COLORADO SPRINGS, Colo. (KRDO) - Ballot Initiative 2D and 300 both passed in Colorado Springs on...

- [Admin](https://420intel.com/blog/author/admin)
- 20 May 2022

#### [Bill to create marijuana market in Delaware falls short again in House](https://420intel.com/blog/bill-create-marijuana-market-delaware-falls-short-again-house)

The regulatory piece of a two-pronged effort in Delaware to legalize and create a retail market for...

[Cannabis Business News](https://420intel.com/blog/tag/cannabis-business-news) [![Michigan Marijuana sales surpass $3 billion in 2023, but face possible slowdown](https://420intel.com/hs-fs/hubfs/Imported_Blog_Media/Michigan%20Marijuana%20sales%20surpass%20$3%20billion%20in%202023%2c%20but%20face%20possible%20slowdown.jpg?width=550&height=395&name=Michigan%20Marijuana%20sales%20surpass%20$3%20billion%20in%202023%2c%20but%20face%20possible%20slowdown.jpg)](https://420intel.com/blog/michigan-marijuana-sales-surpass-3-billion-2023-face-possible-slowdown)

- [Admin](https://420intel.com/blog/author/admin)
- 7 March 2024

#### [Michigan Marijuana sales surpass $3 billion in 2023, but face possible slowdown](https://420intel.com/blog/michigan-marijuana-sales-surpass-3-billion-2023-face-possible-slowdown)

## The Michigan marijuana industry reached a new milestone in 2023: $3 billion in total sales.

That’s...

- [Follow us on Facebook](https://www.facebook.com/420intel)
- [Follow us on LinkedIn](https://www.linkedin.com/420intel)
- [Follow us on Twitter](https://twitter.com/420intel)
- [Follow us on Instagram](https://www.instagram.com/420intel)

Back to Top

```json
{
  "@context" : "https://schema.org",
  "@type" : "BlogPosting",
  "author" : {
    "@type" : "Person",
    "name" : "Admin",
    "url" : "https://420intel.com/blog/author/admin"
  },
  "dateModified" : "2025-05-29T14:42:53.713Z",
  "datePublished" : "2024-03-07T20:48:53.000Z",
  "headline" : "Man tricks victims into investing $9 Million in fake hemp farm",
  "image" : [ "https://420intel.com/hubfs/Imported_Blog_Media/Beverly%20Hills%20man%20charged%20with%20scamming%20victims%20over%20$9%20million%20for%20fake%20hemp%20farm.jpg" ],
  "mainEntityOfPage" : {
    "@id" : "https://420intel.com/blog/man-tricks-victims-investing-9-million-fake-hemp-farm",
    "@type" : "WebPage"
  },
  "publisher" : {
    "@type" : "Organization",
    "logo" : {
      "@type" : "ImageObject",
      "url" : "https://420intel.com/hubfs/Asset%2016.png"
    },
    "name" : "420 Intel"
  }
}
```