CEO of Phoenix Life Sciences CBD Pleads Not-Guity to Fraud Charges

The former CEO of a Denver-based CBD company who has been charged with fraud is fighting the charges and has launched a crowdfunding effort to help his legal efforts, saying he’s a “political prisoner.”

Martin Tindall, founder of Phoenix Life Sciences, has pleaded not guilty to charges filed by the Boulder County District Attorney. Tindall, a native of Australia, was indicted by a grand jury for allegedly misleading investors.

Phoenix Life Sciences produces a hemp-derived diabetic treatment; it gained international attention in 2018 for a contract to produce the medication for the island nation of Vanuatu, a Pacific Island country with a recognized diabetes epidemic. That contract has reportedly stalled over the last several months, although Phoenix Life Sciences insists the agreement is moving forward.

Meanwhile, Tindall is in custody in the Boulder County Jail. He was in court this week, where he waived his right to a speedy trial, and his trial is set for February 18.

According to Tindall’s attorney, Otto Hilbert, the grand jury investigation began without Tindall’s knowledge months before his July arrest, which he calls “alarming.”

“I can understand, given the moving parts of a guy from Australia with business dealings in Denver and Vanuatu, why the state would want to look at it. But all of the investors signed the proper paperwork,” Hilbert says. “To our knowledge, all of the money went where it was supposed to.”

From behind bars, Tindall proclaims his innocence, calling himself a “political prisoner” on his GoFundMe campaign page. He’s asking for $250,000 in donations “to raise legal funds and other related expenses as soon as possible” to defend his case.

Pesach

Author: Pesach

In perhaps the fastest growing industry ever, one person has made a name for himself as a leader and innovator. Anne Holland, the Founder of Marijuana Business Daily, once called his publication, ADBUMB "her favorite."

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