MADRID (HRNW) – Nearly 1,200 investors have filed a class-action lawsuit in Spain against a medicinal cannabis investment platform operating worldwide, accusing it of fraud, embezzlement and money laundering, their lawyers said Monday.
JuicyFields, which is based in the Netherlands, promised high returns to invest online in medicinal cannabis plants, said Norberto Martinez from the Martinez-Blanco law firm that filed the case.
A spokesman with Spain’s National Court, the country’s top criminal court, confirmed the lawsuit was filed over the weekend.
This is believed to be the first class-action lawsuit against JuicyFields, which according to media investigations allegedly scammed investors around the world.
Established in 2020, JuicyFields offered investors the chance to participate in the cultivation, harvesting and sale of cannabis plants, promising returns of between 29 percent and 66 percent, according to the law firm.
But JuicyFields suddenly stopped operations in mid-July, froze cash withdrawals and vanished from the internet, according to several investors.
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