Ex-Massachusetts official accused of defrauding traders in his marijuana firm


A former Bay State elected official has been busted by the feds for allegedly defrauding traders in his marijuana firm.

Bruce Spinney III, who was beforehand a chair of the Grafton Choose Board, was arrested on Friday by FBI Boston particular brokers.

The 49-year-old man was indicted on three counts of wire fraud associated to a scheme to defraud traders in his marijuana firm, in response to the Massachusetts U.S. Legal professional’s Workplace. He was additionally indicted on one depend of conducting an illegal financial transaction.

The feds allege that after Spinney resigned as chair of the Grafton Choose Board in August 2019, he solicited a whole bunch of 1000’s of {dollars} from a number of traders for his new marijuana dispensary enterprise, Noble Manna, Inc.

Earlier than incorporating Noble Manna in October 2019, Spinney operated Spinney Enterprises — a rental gear and rental linen enterprise that collected giant quantities of debt.

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