SEC
Whistleblower
Advocates

April 14, 2017

Lionshare Ventures, LLC

Trading and Pricing

SANCTION AMOUNT: $1,882,413

Defendants: Lionshare Ventures, LLC

Default judgment against entity for its role 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 facilitate 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, including control persons such as Esposito.

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