Rapper 2 Chainz Accuses Hollywood Cannabis Store of Fraud

Friday, 9 August 2024, 05:57

Rapper 2 Chainz has accused a Hollywood cannabis shop of defrauding him out of $1.5 million in an alleged investment scam. The opening of the business was delayed by nearly a year, leading to concerns over the legitimacy of the deal. According to the claims, Epps attempted to withdraw from the deal under the agreement terms but faced difficulties. This incident raises questions about investment practices in the cannabis industry and the need for caution among investors.
Yahoo Finance
Rapper 2 Chainz Accuses Hollywood Cannabis Store of Fraud

2 Chainz Accuses Cannabis Shop of Scamming $1.5 Million

In a startling revelation, rapper 2 Chainz has claimed he was the victim of a fraudulent investment scheme involving a Hollywood cannabis shop.

Delayed Opening Raises Red Flags

The shop's opening was delayed by nearly a year, pushing back its launch to March 2022, which raised suspicions about the deal.

Epps' Investment Agreement

Epps' investment agreement included a clause allowing him to withdraw his funds for 110 percent of his original investment if he provided a month's notice.

  • Allegation of investment fraud
  • Delayed business opening
  • Withdrawal agreement concerns

Conclusion

This case highlights the risks associated with investing in emerging markets like cannabis and underscores the importance of due diligence for potential investors.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


Related posts


Newsletter

Subscribe to our newsletter for the most reliable and up-to-date tech news. Stay informed and elevate your tech expertise effortlessly.

Subscribe