grand daddy purple


 https://allhiphop.com/new .. -ponzi-scheme/


A rapper known as BigRigBaby and his partner allegedly scammed investors with a sham marijuana startup for several years


The Securities and Exchange Commission received an emergency order to shut down a rapper’s marijuana startup, which allegedly defrauded investors


Federal regulators claimed rapper Patrick Earl Williams, who uses the stage name BigRigBaby, ran a Ponzi-like scheme with his partner Rolf Max Hirschmann for several years.

The men raised $60 million for a marijuana business called WeedGenics but allegedly pocketed the money for personal use dating back to at least 2019.


Hirschmann and Williams allegedly convinced investors to back the expansion of WeedGenics facilities, but they never owned or operated an actual facility for the marijuana operation. The feds said Hirschmann used a fake name in talks with investors.

The SEC accused Hirschmann and Williams of transferring money through multiple accounts to spend it on cars, jewelry, real estate and more. Williams allegedly used the funds to support his rap career.


:iseeyou2 :Rolf Hirschmann and Patrick Williams allegedly had no real company, no product and no business, yet despite this, they promised investors everything and then delivered nothing,” the SEC’s Michele Wein Layne said in a press release.

“This action demonstrates that, despite the defendants’ extensive efforts to avoid detection, the SEC has the ability to uncover fraud to protect investors"


The SEC sought injunctions against Hirschmann and Williams for violating the antifraud provisions of securities laws. A court granted a temporary restraining order and froze their a*sets

Rolf Hirschmann and Patrick Williams allegedly had no real company, no product and no business, yet despite this, they promised investors everything and then delivered nothing,” the SEC’s Michele Wein Layne said in a press release.

These "investors" were some straight fu*kin idiots

Still2Highh said These "investors" were some straight fu*kin idiots

Or them dudes need to go give papa pimp a lesson in game

White man been doing it so I don't blame a brother I jus wish they would of been wiser at what they were doing...

They can’t even sell weed legit. The real question is can a rapper be trusted to run a business of any sort?

Tonero said They can’t even sell weed legit. The real question is can a rapper be trusted to run a business of any sort?

Do you know who Berner is

Tonero said They can’t even sell weed legit. The real question is can a rapper be trusted to run a business of any sort?

Even homie from dipset lost his bandanna shop

Tonero said They can’t even sell weed legit. The real question is can a rapper be trusted to run a business of any sort?

Any n*gga that comes at me even resembling a r*per I’m doing no business with None of that jewelry, tattoos, and urban clothes bullsh*t over here

Man got him a Jew and said let’s go

ATLDOPEBOI24 said Man got him a Jew and said let’s go

not one picture of these people seems fishy

JDAKID said White man been doing it so I don't blame a brother I jus wish they would of been wiser at what they were doing...

Why y'all love using this goofy a*s excuse is beyond me. That n*gga and his Jew friend both need to be locked up. It's not right to take people's money and fu*k it off on personal expenses. People work hard for their sh*t.

60 Ms? fu*k a rap career taking my money overseas and doing open mics not giving a fu*k if anyone is listening

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Tethers from Florida

Yousabi*chtoo said Any n*gga that comes at me even resembling a r*per I’m doing no business with None of that jewelry, tattoos, and urban clothes bullsh*t over here

Federal prisons are full
Of white collar scammers

Clean cut white guys

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Yousabi*chtoo said Any n*gga that comes at me even resembling a r*per I’m doing no business with None of that jewelry, tattoos, and urban clothes bullsh*t over here

Most jewelry consumer's are white and
Hispanic. You think non rappers
Don't like wearing gold cuban links and Franco's

I dislike rappers
Because they are actors, glorified simps

Then again white society see all
Melanated people as thugs

"Urban" is code word for black

You do business with people
Who can triple your money
Bottom line

TheAntiSimp said Federal prisons are full Of white collar scammers Clean cut white guys view image

Ok. You have about a million more of a chance to get scammed or robbed by the wannabe rapper than a clean cut person.

TheAntiSimp said Most jewelry consumer's are white and Hispanic. You think non rappers Don't like wearing gold cuban links and Franco's I dislike rappers Because they are actors, glorified simps Then again white society see all Melanated people as thugs "Urban" is code word for black You do business with people Who can triple your money Bottom line

Different style of jewelry chief. You know exactly what I meant. Of course people do business with established rappers. Let lil jon jon from up the block the wannabe rapper come to me asking to invest money in his weed business. n*gga please

Yousabi*chtoo said Ok. You have about a million more of a chance to get scammed or robbed by the wannabe rapper than a clean cut person.

Tell that too NBA, NFL players and Entertainers

Who's lawyers and accounts
Stole millions from them

The biggest scammers are the white collar guys

Florida is the scammer capital
Only a dummy would do business
With a n*gga from down there

TheAntiSimp said Tell that too NBA, NFL players and Entertainers Who's lawyers and accounts Stole millions from them The biggest scammers are the white collar guys Florida is the scammer capital Only a dummy would do business With a n*gga from down there

No doubt. I hear what you are saying. But let’s keep it funky there are way more hood scammers. You have to be realistic

Idiots probably could've actually opened a business and did good with the money but chose to fund his failed rapper start up kit.

These scammers are fu*kin scum. I remember one time I went to Atlanta on business and seen 19 yo in a 200K car. I already knew that little mothafu*ka was putting in that work.

If you're smart enough to fool people into investing $60M that means you’re smart enough to do something legit with that money

Why steal instead? Will never understand the logic of these criminals

bonez79 said Idiots probably could've actually opened a business and did good with the money but chose to fund his failed rapper start up kit.

I would have given back 75% of everyone's money and pocket the 15 million. That way we all still got money.

Tonero said The real question is can a rapper be trusted to run a business of any sort?

JAY-Z, Master P, Birdman, Puff (who raps) and a gazillion others would think that question asinine.