SEC
Whistleblower
Advocates

January 27, 2017

Cannabiz Mobile, James Gondolfe

Trading and Pricing

SANCTION AMOUNT: $1,053,375

Defendants: Cannabiz Mobile
James Gondolfe

Default judgments against defendants for their roles in a scheme to defraud investors by concealing the ownership and control of issuer Cannabiz Mobile by defendant Christopher Esposito of Topsfield, Massachusetts, in order to profit from the sale of hundreds of millions of shares of Cannabiz stock into the public market. The purpose for the concealment was to evade SEC Rule 144, which limits securities sales by affiliates, such as control persons.

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