Replies to post #30972 on Notis Global Inc. (fka NGBL)

[tigerpac]

Well I thought he would be in a sh*tload of trouble since Q1 of 2014 was almost all phony revenue.

But then I read this in SEC charges:

In addition, Mehdizadeh repeatedly lied to the Medbox finance employees who were reviewing the deal, and in a text message accused them of “looking to harpoon our Q1 results.” 109. Those finance employees questioned Mehdizadeh about the Benson management rights, seeking proof that Medbox actually owned those rights. In response, Mehdizadeh lied by preparing an inter-office memo that falsely described earlier payments by Medbox for the rights, telling Medbox’s finance employees in an email that it was “preposterous” not to recognize revenue from the Benson deal in the first quarter of 2014.

So the controller believed him because I'm Vinny went off the rails in that office.