Notis Global Inc. (fka NGBL)

[236T568]

"During 2005-2008, Vincent Mehdizadeh was the non-attorney manager for a law firm. In 2008, the supervising attorney whom clients had retained to handle their legal matters retired and left clients without representation. The department of consumer affairs of Los Angeles investigated the matter and decided to recommend prosecution against Mr. Mehdizadeh. After a 15 count criminal complaint was filed in 2010, in order to avoid a trial and ongoing bad publicity, Mr. Mehdizadeh pled no-contest in 2013 to two counts of felony grand theft and admitted to an allegation of engaging in a pattern of related felony conduct involving takings in excess of $100,000. Under the terms of a negotiated plea agreement, Mr. Mehdizadeh received probation and was ordered to pay $450,000 in restitution, which payment Mr. Mehdizadeh has made. Mr. Mehdizadeh accepted the terms of the plea that provided that once Mr. Mehdizadeh’s probation is complete, the record of the incident be deleted."


http://www.sec.gov/Archives/edgar/data/1547996/000118518514001773/medbox-sc13d_vci071114.htm