SEC charges Paul Bilzerian for allegedly hiding millions in his son's cannabis company, Ignite, to evade an $180M judgment.

The SEC has charged Paul Bilzerian, a former corporate raider, for allegedly hiding millions in a cannabis company, Ignite, linked to his son, Dan Bilzerian. The charges claim he used shell companies to evade a long-standing $180 million judgment owed to the SEC. Bilzerian, his accountant Scott Rohleder, and Ignite face accusations of conspiring to defraud the U.S., wire fraud, and securities fraud.