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Delta Junction couple faces federal charges for allegedly bilking ‘Bud and Breakfast’ investors

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FBI investigators say a Delta Junction couple used false and fraudulent claims to get 22 people to invest more than $700,000 in a “marijuana theme park' they called “Bud and Breakfast.”

The Cortys told prospective investors that the value of their shares in Ice Fog Holdings — the company that would develop the marijuana theme park on the site of the old Midway Lodge — would grow rapidly. The structure is located at milepost 315 Richardson Highway in Salcha.

One of those people, a resident of New York City, invested $200,000 in the venture, according to a U.S. Attorney’s Office affidavit. A North Carolina resident invested $25,000. Fairbanks-based assistant U.S. attorney and lead prosecutor Ryan Tansey says they take investment fraud extremely seriously. Corty allegedly told investors beginning in mid-2017 that he expected the company’s profits would grow quickly, from $3.8 million in the first year to more than $23 million after three years. And he said their investments would grow 30-fold.

 

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