4S Ranch Allied Gardens Alpine Baja Balboa Park Bankers Hill Barrio Logan Bay Ho Bay Park Black Mountain Ranch Blossom Valley Bonita Bonsall Borrego Springs Boulevard Campo Cardiff-by-the-Sea Carlsbad Carmel Mountain Carmel Valley Chollas View Chula Vista City College City Heights Clairemont College Area Coronado CSU San Marcos Cuyamaca College Del Cerro Del Mar Descanso Downtown San Diego Eastlake East Village El Cajon Emerald Hills Encanto Encinitas Escondido Fallbrook Fletcher Hills Golden Hill Grant Hill Grantville Grossmont College Guatay Harbor Island Hillcrest Imperial Beach Imperial Valley Jacumba Jamacha-Lomita Jamul Julian Kearny Mesa Kensington La Jolla Lakeside La Mesa Lemon Grove Leucadia Liberty Station Lincoln Acres Lincoln Park Linda Vista Little Italy Logan Heights Mesa College Midway District MiraCosta College Miramar Miramar College Mira Mesa Mission Beach Mission Hills Mission Valley Mountain View Mount Hope Mount Laguna National City Nestor Normal Heights North Park Oak Park Ocean Beach Oceanside Old Town Otay Mesa Pacific Beach Pala Palomar College Palomar Mountain Paradise Hills Pauma Valley Pine Valley Point Loma Point Loma Nazarene Potrero Poway Rainbow Ramona Rancho Bernardo Rancho Penasquitos Rancho San Diego Rancho Santa Fe Rolando San Carlos San Marcos San Onofre Santa Ysabel Santee San Ysidro Scripps Ranch SDSU Serra Mesa Shelltown Shelter Island Sherman Heights Skyline Solana Beach Sorrento Valley Southcrest South Park Southwestern College Spring Valley Stockton Talmadge Temecula Tierrasanta Tijuana UCSD University City University Heights USD Valencia Park Valley Center Vista Warner Springs

No Angel

Angel Stanz charged with securities fraud

Tommy Chong at 2015 Hash Bash. Stanz's relationship with Chong did not exist.
Tommy Chong at 2015 Hash Bash. Stanz's relationship with Chong did not exist.

The Securities and Exchange Commission yesterday (May 21) charged San Diegan Aaron “Angel” Stanz and his company, Bud Genius, with securities fraud. The complaint was filed in federal court.

Stanz and Bud Genius, a penny stock marijuana testing company, distributed numerous false statements throughout 2014 and 2015, says the commission. Investors were told that the company was primarily involved in testing and analysis of medical marijuana and providing a social web platform that would assist patients in selecting cannabis that fit their medical needs. However, much of the revenue improperly included sales from Stanz’s charter jet business. Neither investors nor Bud Genius’s accountants were told about this revenue.

The company issued many “false and misleading” press releases, says the securities commission. For example, Stanz hyped Genius Biotech, said to be a subsidiary of Bud Genius. Actually, it was a shell company with no operations or employees, says the agency. Bud Genius put out a press release touting its relationship with comedian/cannabis activist Tommy Chong. The Union-Tribune did a puff piece on the company and Chong. But the relationship did not exist, says the SEC.

Annual reports and press releases stated that Stanz had no disciplinary history. But in 2009, he was permanently enjoined by an Illinois court for “cramming" telephone bills with unauthorized charges.

Here's something you might be interested in.
Submit a free classified
or view all

Previous article

Bob McPhail wrote about illnesses, finally dies of them

With Reader from 1987 to 2018
Next Article

San Diego roads that have disappeared, vanished movie palaces

The 1972 ITT scandal covered up, Roscoe Hazard's photos of hangings, Kevin Starr sanitizes San Diego history, the sad fig tree on Grape Street
Tommy Chong at 2015 Hash Bash. Stanz's relationship with Chong did not exist.
Tommy Chong at 2015 Hash Bash. Stanz's relationship with Chong did not exist.

The Securities and Exchange Commission yesterday (May 21) charged San Diegan Aaron “Angel” Stanz and his company, Bud Genius, with securities fraud. The complaint was filed in federal court.

Stanz and Bud Genius, a penny stock marijuana testing company, distributed numerous false statements throughout 2014 and 2015, says the commission. Investors were told that the company was primarily involved in testing and analysis of medical marijuana and providing a social web platform that would assist patients in selecting cannabis that fit their medical needs. However, much of the revenue improperly included sales from Stanz’s charter jet business. Neither investors nor Bud Genius’s accountants were told about this revenue.

The company issued many “false and misleading” press releases, says the securities commission. For example, Stanz hyped Genius Biotech, said to be a subsidiary of Bud Genius. Actually, it was a shell company with no operations or employees, says the agency. Bud Genius put out a press release touting its relationship with comedian/cannabis activist Tommy Chong. The Union-Tribune did a puff piece on the company and Chong. But the relationship did not exist, says the SEC.

Annual reports and press releases stated that Stanz had no disciplinary history. But in 2009, he was permanently enjoined by an Illinois court for “cramming" telephone bills with unauthorized charges.

Sponsored
Here's something you might be interested in.
Submit a free classified
or view all
Previous article

Will North Park Woolworth's ever be renovated?

2012 plan replaced by 2020 one
Next Article

San Diego roads that have disappeared, vanished movie palaces

The 1972 ITT scandal covered up, Roscoe Hazard's photos of hangings, Kevin Starr sanitizes San Diego history, the sad fig tree on Grape Street
Comments
10

Agreed

May 22, 2018

Jon Shirizoku: I believe that San Diego is more of a sucker for fraudsters for several reasons: 1. The perfect climate draws people who become permanent tourists, not alert citizens or watchdogs; 2. A lot of dirty money comes over the border and flows into illegitimate enterprises; 3. San Diegans are more trusting and naive -- perhaps because of that perfect weather; 4. San Diego media are often asleep, or simply don't want to cover the thievery. There are other reasons, of course. Best, Don Bauder

May 22, 2018

nativesd: Definitely, San Diego has a higher percentage of hucksters. Best, Don Bauder

May 22, 2018

Agreed to with Nativesd, and also with the don bauder, Locksmiths San Diego

May 23, 2018

samcoy: With so many fraudsters around, maybe San Diego homeowners have a need for more locksmiths. Best, Don Bauder

May 23, 2018

And the greedy Republicans want to privatize Social Security.

May 23, 2018

AlexClarke: Look at so many privatization failures -- prisons, for one. The New York Times has an editorial today (May 23) showing how Education Secretary DeVos's favoring of for-profit colleges is frightfully stupid. Those for-profit schools, as we have learned in San Diego, have low standards, escalate student debt, charge inordinately high fees, and graduate few. The few who do graduate can't get jobs. Best, Don Bauder

May 23, 2018

Mike Murphy: Yes, some of the hucksters aren't too bright. They are more likely to get caught. A smart crook makes his scam impossible to be understood by regulators. Best, Don Bauder

May 23, 2018

So glad that "Trump University" finally got busted, but it sure took a long time. But the penalty was small potatoes for that orange-face huckster.

May 23, 2018

dwbat: How would anyone like to face as many lawsuits as he faces? Do you think he will get a wrist slap for all of them? Best, Don Bauder

May 23, 2018

Sign in to comment

Sign in

Ask a Hipster — Advice you didn't know you needed Big Screen — Movie commentary Blurt — Music's inside track Booze News — San Diego spirits Classical Music — Immortal beauty Classifieds — Free and easy Cover Stories — Front-page features Drinks All Around — Bartenders' drink recipes Excerpts — Literary and spiritual excerpts Feast! — Food & drink reviews Feature Stories — Local news & stories Fishing Report — What’s getting hooked from ship and shore From the Archives — Spotlight on the past Golden Dreams — Talk of the town Letters — Our inbox [email protected] — Local movie buffs share favorites Movie Reviews — Our critics' picks and pans Musician Interviews — Up close with local artists Neighborhood News from Stringers — Hyperlocal news News Ticker — News & politics Obermeyer — San Diego politics illustrated Outdoors — Weekly changes in flora and fauna Overheard in San Diego — Eavesdropping illustrated Poetry — The old and the new Reader Travel — Travel section built by travelers Reading — The hunt for intellectuals Roam-O-Rama — SoCal's best hiking/biking trails San Diego Beer — Inside San Diego suds SD on the QT — Almost factual news Sheep and Goats — Places of worship Special Issues — The best of Street Style — San Diego streets have style Surf Diego — Real stories from those braving the waves Tin Fork — Silver spoon alternative Under the Radar — Matt Potter's undercover work Unforgettable — Long-ago San Diego Unreal Estate — San Diego's priciest pads Your Week — Daily event picks
4S Ranch Allied Gardens Alpine Baja Balboa Park Bankers Hill Barrio Logan Bay Ho Bay Park Black Mountain Ranch Blossom Valley Bonita Bonsall Borrego Springs Boulevard Campo Cardiff-by-the-Sea Carlsbad Carmel Mountain Carmel Valley Chollas View Chula Vista City College City Heights Clairemont College Area Coronado CSU San Marcos Cuyamaca College Del Cerro Del Mar Descanso Downtown San Diego Eastlake East Village El Cajon Emerald Hills Encanto Encinitas Escondido Fallbrook Fletcher Hills Golden Hill Grant Hill Grantville Grossmont College Guatay Harbor Island Hillcrest Imperial Beach Imperial Valley Jacumba Jamacha-Lomita Jamul Julian Kearny Mesa Kensington La Jolla Lakeside La Mesa Lemon Grove Leucadia Liberty Station Lincoln Acres Lincoln Park Linda Vista Little Italy Logan Heights Mesa College Midway District MiraCosta College Miramar Miramar College Mira Mesa Mission Beach Mission Hills Mission Valley Mountain View Mount Hope Mount Laguna National City Nestor Normal Heights North Park Oak Park Ocean Beach Oceanside Old Town Otay Mesa Pacific Beach Pala Palomar College Palomar Mountain Paradise Hills Pauma Valley Pine Valley Point Loma Point Loma Nazarene Potrero Poway Rainbow Ramona Rancho Bernardo Rancho Penasquitos Rancho San Diego Rancho Santa Fe Rolando San Carlos San Marcos San Onofre Santa Ysabel Santee San Ysidro Scripps Ranch SDSU Serra Mesa Shelltown Shelter Island Sherman Heights Skyline Solana Beach Sorrento Valley Southcrest South Park Southwestern College Spring Valley Stockton Talmadge Temecula Tierrasanta Tijuana UCSD University City University Heights USD Valencia Park Valley Center Vista Warner Springs
Close