After a 2-day bench trial, the Honorable Mark C. Scarsi in the Central District of California found Mark Heckele liable for securities fraud and illegally selling securities in unregistered offerings.

Statement of SEC Division of Enforcement Director Gurbir S. Grewal:

“We’re pleased with the court’s decision holding Mark Heckele liable for his fraudulent conduct, which harmed dozens of investors over roughly a year. Heckele, who is also a practicing lawyer, fraudulently raised $3.5 million from investors by making misleading representations and falsely promising 100 percent returns related to purported investments in two cannabis companies. Today’s decision underscores our commitment to pursuing those who violate the federal securities laws and victimize investors.” 

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More information:

In July 2020, the SEC announced charges against six individuals, including Mark Heckele, and their companies for defrauding investors in connection with unregistered securities offerings that raised over $25 million. 

The SEC filed its civil complaint on July 29, 2020:

Anthony Todd Johnson et al. (Release No. LR-24857; Jul. 29, 2020) (http://sec.gov)