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Robert Russell, of Duvall, and his California film executive partner, Guy Scott Griffithe, spent $3.5 million of investors' money on luxuries including a 2008 Bentley Continental, a 2012 Mercedes Benz C-Class, a 2015 Porsche Panamera and a yacht, the SEC said.

Federal complaint: Pot farm used in Ponzi scheme →

Securities and Exchange Commission alleges that former Wilmington Trust president Robert Harra and former chief credit officer William North were involved in making false statements regarding the bank's past due loans.

Attorneys for ex-bank execs seek to dismiss SEC complaint →

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