Medical Marijuana Inc (MJNA)

[conmanwatch]

So here are those two con men, Don Steinberg and Bruce Perlowin, reinventing their company, MJNA, yet again.

First, MJNA failed as a vendor of "tax remittance cards" for medical marijuana dispensaries.

Then, they failed as a provider of technical assistance to start-up dispensaries.

Next, they failed as a promoter of symposiums andd workshops.

Then, their pyramid scheme, network marking, "hemp network" , failed.

And now? Now, they're trying to cash in on the enhanced bottled water, "smartwater" craze.

But investors should know this much -- both Steinberg and Perlowin are convicted felons.

There's more.

Steinberg is a master at creating shell companies, then operating pump-and-dump schemes. In the 1990s, he cashed in at Club VivaNet, in the prepaid calling card industry.

Meanwhile, Perlowin was cited by the FDA in a sting operation called "Operation Cure All". At the time, Perlowin was heading up a company called Energy Wellness that sold phoney device called the "Rife machine" that purported to cure everything from cancer to arthritis to acne.

Bruce Perlowin and his wife, Svetlana Ogorodnikova -- a convicted KGB spy -- have even been implicated in a murder-for-hire case in San Diego, that resulted in the conviction of a woman named Kimberley Bailey.

Google it up. It's all true.

Do you still want to invested in these guys?

Plain and simple, MJNA is a fraud -- stock fraud. Perlowin and Steinberg dump restricted stock -- all of it worthless.

Word on the street has it that Perlowin and Steinberg are currently the subject of an FBI investigation. I heard the investigation is out of the FBI's Miami office -- their white collar crime unit. Steinberg lives in Cape Coral, Florida.

Stay tuned for more.