Federal jury finds attorney guilty of securities fraud in marijuana-related business

A Denver jury in federal court convicted an attorney of securities fraud, mail fraud, wire fraud, money laundering and conspiracy.

Guy M. Jean-Pierre was convicted Wednesday after a 12-day trial in U.S. District Court, according to a news release. The jury returned guilty verdicts on all but one of 29 counts against Jean-Pierre.

In late 2010, Jean-Pierre and co-conspirators started a business, FusionPharm, which repurposed steel shipping containers to sell as “pharm pods” to hydroponic growers, prosecutors said. Over time, “the pharm pods were marketed to marijuana or cannabis growers in Colorado and other states.”

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