Formerly Licensed Insurance Agent Arraigned in $1.8 Million Investment Scam for Non-Existent Marijuana Business

LOS ANGELES - Formerly licensed insurance agent Matthew Evans, 36, of Palmdale, was arraigned today and pleaded not guilty to multiple felony charges involving fraud, after a Department of Insurance investigation revealed he allegedly deceived several clients and acquaintances into investing over $1.8 million in a non-existent marijuana business named "House of Green." Evans's insurance agent license was revoked earlier this year after he pleaded no contest in a separate case.

The Department initiated the investigation after receiving a complaint from two victims who claimed they had invested a total of $1.3 million in House of Green, without seeing any return on their investment.

Read the entire press release. California Department of Insurance, July 30, 2025