A convicted Beverly Hills con artist with a long history of swindles pleaded guilty to another one Friday, admitting that he duped investors out of more than $18 million by concocting a sham cannabis empire while completing a sentence in a prior criminal case.
Mark Roy Anderson, 69, pleaded guilty to two counts of wire fraud, the U.S. Attorney’s Office said. He duped his victims with false claims that he ran companies invested in hemp farms and cannabis-infused retail products, as well as a sham bottling business.
Anderson, his investors discovered, is a convicted con artist who started swindling people at least three decades ago. He launched his purported hemp business immediately after his May 2019 release from the federal prison in Texas where he had served more than 11 years for an oil investment scam, federal authorities said.
In the first scheme he pleaded guilty to Friday, Anderson tricked investors in 2020 and 2021 into providing funding for his company, called Harvest Farm Group, to harvest and process hemp grown on his farm into medical-grade cannabidiol (CBD) isolate — a chemical found in marijuana — to be sold for a substantial profit.
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