Faux cannabis billionaire Justin Costello pleads guilty in $35 million fraud, with advisable jail term of 10 a long time

Faux cannabis billionaire Justin Costello pleads guilty in  million fraud, with advisable jail term of 10 a long time


Justin Costello, who posed as a billionaire and 2 times-wounded Exclusive Forces Iraq veteran to dupe investors whilst portraying himself as a legal hashish mogul, pleaded guilty Wednesday to securities fraud.

Underneath a plea agreement with Costello, prosecutors will advise a sentence of 10 a long time in prison for him. Costello also agreed to fork out victims of his frauds not significantly less than $35 million in restitution.

Costello’s guilty plea in federal courtroom in Seattle, arrived three months immediately after an FBI SWAT team apprehended the 42-12 months-old in a remote place of southern California, carrying a backpack made up of gold bars, $70,000 in U.S. and Mexican currency, and a phony ID.

Times earlier, he had failed to surrender as agreed to experience an indcitment in the case.

Costello’s sentencing was scheduled for April 21.

He has been held devoid of bail considering that his arrest.

This is breaking news. Check back for updates.



Source

Are 2 to 3 cups of coffee a day too much? It’s complicated, experts say: ‘It’s different for each person’
World

Are 2 to 3 cups of coffee a day too much? It’s complicated, experts say: ‘It’s different for each person’

Two-thirds of Americans drink coffee every single day, according to data collected by the National Coffee Association in 2022, and the debate about how much is too much and whether or not any amount of caffeine is safe persists. But recent research shows that the answer is more complicated than you’d think. A Harvard study, that followed […]

Read More
Media trailblazer Tom Rogers changes ‘raging bull’ stance on Netflix, sees worrisome signs
World

Media trailblazer Tom Rogers changes ‘raging bull’ stance on Netflix, sees worrisome signs

Former NBC Cable President Tom Rogers is dialing back his bullishness on Netflix. The media trailblazer, who was a self-proclaimed “raging bull” on Netflix, told CNBC’s “Fast Money” this week he’s starting to worry — and listed competition with free content on YouTube as a headwind. “[Netflix] still [has] more hit shows than all the […]

Read More
I went to a Costco in Japan—the variety of foods was ‘incredible’: Here’s the stuff you don’t really see in the U.S. stores
World

I went to a Costco in Japan—the variety of foods was ‘incredible’: Here’s the stuff you don’t really see in the U.S. stores

As a Japanese nutritionist living in the U.S., I love shopping for traditional foods that I grew up eating, such as seaweed, beans, matcha, multigrain rice, and sweet potatoes. I sometimes go to Costco to buy those staples in bulk. But during a recent trip to Japan, I had the chance to shop at the […]

Read More