Ryan Goldschmidt News Today

Aaron Pitman and Ryan Goldschmidt deposited $796,000 in investor funds into bank accounts they controlled and used them for personal expenses.

It's a brand-new industry he said could sprout a brand-new crop of conmen.

Two Greater Cincinnati men who pled guilty to defrauding investors in a fake medical marijuana operation have been sentenced, according to the Ohio Department of Commerce.

Two local men were sentenced to 90 days in jail and five years probation for bilking investors out of nearly $800,000.

The investors were told that they would get their money back, as well as additional distributions of profit, according to prosecutors.