Medbox Going Up in Smoke

Once-hot marijuana stock sees massive sell-off as executives are forced to sell shares in a margin call and the board moves to wrest control from the founder.

Corey Ribotsky

N.I.R. Group’s Ribotsky Files for Bankruptcy, Owing $36M

The founder of N.I.R. Group, Corey Ribotsky, filed for Chapter 7 personal bankruptcy in late December after a year of regulators trying to uncover assets and force the former hedge fund manager to pay his $14.5 million settlement with the Securities and Exchange Commission.