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SEC accuses former CFO of round-trip cash transfer scheme

United States Securities and Exchange Commission HQ.
Photo: Getty Images

Vlada Gurvich

4 min read
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SEC alleges former CFO lied to auditors and falsified records to inflate Acreage’s year-end cash balance.

Once again, the SEC has reminded the market that clever accounting is no substitute for actual compliance.

On March 14, 2025, the SEC filed a complaint against Glen Leibowitz, a licensed CPA and former CFO of Acreage Holdings.

This action indicates the agency is not only targeting individual misconduct but also reinforcing

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