Las Vegas based cannabis company Integrated National Resources formerly known as Weedgenics was shut down by the SEC in May, 2023. The agency accused the company and its principals Max Bergman and Patrick Williams of running a $60 million Ponzi scheme.
In court filings the SEC asked that Integrated National Resources’ fundraising activities be halted, and for a Receiver to be appointed to take control of the company’s assets and to recoup money for victims of the fraud. The SEC’s Receiver’s website is located here, and investors can click on the link to get information on the court proceedings.
Another securities regulator (FINRA) recently barred Alexandria Bovee, a former Edward Jones registered representative, whom Integrated National Resources investors knew as Aia Montgomery, and who was tasked by INR with persuading promissory note investors to exchange their defaulted notes for equity in INR’s unregistered securities offering. Ms Bovee recently changed her name to Alexandria Rose Montgomery, and has also been named as a Defendant by the SEC. Operating under an assumed name was evidently par for the course at INR, as Max Bergman’s legal name according to the SEC was Rolf Max Hirschman.