Bunevacz, 53, of Calabasas, California, was convicted of one count of wire fraud and one count of securities fraud.
According to the court document, Bunevacz was able to raise $45,227,266 from more than 100 victim-investors. Court documents showed Bunevacz told at least one investor that he had a Chinese manufacturer of disposable vape pens and had obtained “raw pesticide-free oil” that was sent to a “lab that infuses the flavors into the oil with our proprietary custom process that renders the vape flavoring smooth and discrete.”According to the court, Bunevacz registered various shell companies and listed other individuals including his stepdaughter as corporate officers.
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