Pennsylvania Man Charged in $8.8 Million Cannabis Investment Fraud Scheme

Federal prosecutors have charged David Dinenberg, 54, with securities and wire fraud for allegedly defrauding investors of over $8.8 million through his payment processing company, KindManage LLC. Dinenberg is accused of misrepresenting the company's financial health to investors while diverting more than $500,000 for personal expenses, including tuition and rent, and misappropriating $175,000 in state fees. He faces up to 20 years in prison per count if convicted.