Law and Order creator Dick Wolf has invested $1.5 million in a shady marijuana deal, according to the New York Post.
Wolf put the money into a company backed by LA penny-stock financier David Weiner who by sheer coincidence is currently being probed by securities regulators over possible stock-manipulation schemes.
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The investment was made on April 9th in a new company called DigiPath and it gave Wolf the right to buy its stock at 2 Cents per share. Based in Las Vegas, DigiPath is an independent cannabis testing and media firm.
But people close to Wolf are concerned that he may have been taken in by a confidence man. When he made the investment, DigiPath was losing money and trading at $1.69. It then jumped 57% to $2.65 in July but has recently plummeted. It closed Friday at 8¹/₂ cents and is now trading at only 5 Cents per share, down from a 52 week high of $6.
In other Wolf news, his three current television shows are having a big crossover event this week. Chicago Fire, Chicago PD and Law and Order SVU which all air on NBC and are all produced by Wolf will be mixing it up this week.
It began Tuesday night on Chicago Fire with a story that touched on child pornography. That story then took the characters to New York where they interact with SVU characters on Wednesday night at 9 PM and ends back in Chicago at 10PM on Chicago PD.
The hard part of a three TV show crossover that takes place in different states is creating a believable story that would connect all of them. It was easy for the different law and Order Series to have crossovers since they were all in New York and took part in the same fictional universe.
“But it wasn’t too far-fetched to develop a story about child pornography that crosses state lines, ” Wolf said.
