Christopher Matthew Meredith was indicted Feb. 19 in the U.S. District Court for the Western District of Texas on charges that he defrauded individuals in Brenham who invested in a company Meredith said would open medical marijuana dispensaries in conjunction with the federal government.
Meredith sold shares in his company, Strategic Pharma Inc. of Colorado Springs, Colo. Meredith told prospective investors that Strategic Pharma had a contract with the U.S. Department of Veteran Affairs that would lead to the opening of a number of medical marijuana dispensaries in the U.S. No such contract existed.
The indictment alleges that Meredith falsified documents to make it appear he had an agreement with the VA and that the contract would result in substantial revenue for Strategic Pharma over a four-year period. Meredith also created counterfeit bank and other financial records to make it appear Strategic Pharma had enough money on hand to proceed with the dispensaries.
Meredith falsely told prospective investors that Strategic Pharma was a company that conducted research into the medical uses of marijuana and would manage the facilities at which patients could receive medical treatments using marijuana.
The U.S. Attorney's Office in Austin is investigating the case with the assistance of the Texas State Securities Board. The indictment was unsealed in March.