Scammers prosecuting marijuana companies in Michigan warn regulators


NEWS SHORT

Released
February 5, 2021




Michigan’s marijuana regulator warns local cannabis companies that scammers are disguised as regulators and industry executives to trick employees into sending money or security information about their business.

One company lost more than $ 100,000 to the fraud, the Michigan Marijuana Regulatory Agency (MRA) found in a bulletin.

In this case, a person posing as the business owner asked the employee to transfer the money to an employee according to the bulletin.

Law360.com reported the news first.

According to the MRA, several companies have reported receiving such calls. However, it is unclear whether other companies suffered losses or disclosed confidential information as a result of the fraud.

The scammers, pretending to be business owners or managers, contacted deputy managers or other employees about an upcoming inspection, requesting photos of the alarm system, fire alarms, marijuana products, tracking numbers and exit doors.

According to the MRA bulletin, “in every call or text, the suspect disclosed the names of the business owners or managers and shared relevant information about the company, thereby gaining the trust of employees.”

The MRA recommended that companies ensure they verify the identity of callers before releasing funds or critical company information.

The agency also said companies can verify the legitimacy of MRA employees by requesting credentials or writing to them [email protected].

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