A rapper known as BigRigBaby and his business partner have been accused by federal regulators of running a 'Ponzi-like scheme' to raise nearly $62 million from investors in a sham cannabis company.
Patrick Earl Williams, 34, and Rolf Max Hirschmann, 52, were accused in a civil complaint filed this week by the Securities and Exchange Commission.
According to the complaint, Williams, better known online as BigRigBaby, and Hirschmann fleeced investors in a fake pot-growing operation, and spent much of the cash on 'payments to women' and personal expenses such as luxury cars, jewelry, and adult entertainment.
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