Did Shark Tank Invest in CBD Gummies?

Cannabis is a very in-demand business in the United States. But, less than 50% of the US states have legalized it for recreational purposes. This limited legality creates a tricky situation for businesses. As a result, many of them don’t want to invest in a business that walks on tight ropes with authority.

Given this backdrop, it’s surprising to hear rumors that Shark Tank might have funded a company making CBD gummies. However, this isn’t true. Nobody on Shark Tank has invested in products such as CBD gummies. So where did this false story come from? And why would a business claim they were on the famous ABC show when it’s so easy to prove wrong? Let’s dive into the details.

Shark Tank & the CBD Gummies Scam

Recently, there’s been a fabricated story going around about Kevin O’Leary investing in CBD Gummies. It’s not true, but it’s tricking a lot of people. The scam looks like a typical news article. It says that Donna and Rosy Khalife (past contestants of Shark Tank) got a huge $2.5 million deal on Shark Tank for their Keoni CBD Gummies. The story claims these gummies can stop nicotine cravings right away and forever.

Their website has a unique logo that says “Entertainment Today Insider News,” but it’s just a front for this scam. If you try to use the site, you’ll only find a page trying to sell the gummies. The ad uses pictures of O’Leary a lot, even though it doesn’t say his name. But here’s the truth: O’Leary and the Khalife sisters aren’t working with this brand at all.

Rosy Khalife has stated that she and her sister have nothing to do with these gummies. They’ve never pitched CBD gummies on Shark Tank. They’re frustrated because people keep asking them about it, and the scam has been going on for months. The Khalife sisters were on Shark Tank in 2014 but for a different product called Surprise Ride. It’s a service that sends kids educational activities each month. 

The ad uses a changed picture that shows O’Leary and two women holding big packages of CBD gummies. But the original picture was from a different Shark Tank deal with a company called Wine & Design in 2017. There’s no evidence that Keoni CBD gummies have any connection to the show at all. O’Leary hasn’t commented on this issue publicly. In March, another fact-checking website found a very similar fake story about a different brand of gummies.

This whole CBD Gummies situation shows how important it is to check facts. In the age of Photoshop, it’s quite easy for scammers to fake products and celebrity endorsements. It’s also easy for them to make fake stories that look real. So, it’s your job to research and be careful about what you believe online.

How do the Shark Tank CBD Scams Typically Work?

how do the shark tank cbd scams typically work

Here’s how these CBD gummy scams typically work:

  1. Scammers create a fake CBD gummy product. They give it a name that sounds real, like Pure CBD Gummies or Shark Tank CBD Miracle Gummies. In this case, it was using Kevin O’Leary’s picture along with the name CBD Gummies.
  2. They quickly build a simple website to “sell” the made-up gummies. The site uses stock photos and fake reviews. It also asks for credit card information to place orders.
  3. Fake ads are made saying the gummies were just on Shark Tank. They also claim the gummies got a massive investment from Mark Cuban or Kevin O’Leary. This is done to lure and persuade the readers even more.
  4. These ads use fake Shark Tank logos and photos of the investors without permission. This is to convince the reader to purchase the scam product.
  5. The scammers run ads on Facebook and Google. They target people looking for CBD products or those who might buy from a Shark Tank company. The investors on Shark Tank are reputable people.
  6. Clicking the ads takes you to the fake website. It repeats the false claims about Shark investments. Fake reviews and edited images try to make it look real.
  7. If you enter your credit card info to buy the gummies, you’re really signing up for hidden monthly charges with very high fees. No gummies ever get sent to you.
  8. When people call customer service, they get excuses or fake promises of refunds. It’s impossible to cancel payments or get money back because the whole thing is a scam.

This shows why it’s so important to be careful online. Always check facts before buying anything. If something seems too good to be true, it probably is!

Got Scammed? Take these 5 Actionable Steps

If you were one of the few unfortunate ones that got scammed, don’t worry. These are the steps you can do as soon as possible:

  1. Contact your credit card company: You need to let them know that you’ve been involved in a scam. Also, inform them of any fraudulent charges and request to block future ones. It’s advisable to cancel the card completely.
  2. Set up fraud alerts: Use the services of TransUnion, Experian, and Equifax. They provide free 90-day alerts if you suspect potential identity theft.
  3. Credit freeze: You can freeze your credit. This stops potential scammers from opening false accounts in your name. It does so by restricting access to your credit reports.
  4. Look at your credit reports regularly: You need to be vigilant when taking a look at your credit reports. The website to access them from is AnnualCreditReport.com.
  5. Talk with your bank: You can always talk with your bank and clarify your situation. Some banks can help watch for identity theft and might even cover your losses.

Conclusion

This teaches us how tricky the internet can be. Even though cannabis is a big business in the U.S., it’s still not legal everywhere. This makes it easy for scammers to trick people with fake products and false claims. 

This whole situation teaches us an important lesson, which is: to always double-check before you buy something online. If a deal looks too good to be true, it probably is. In the online world, don’t trust everything you see, even if it has pictures of famous people or claims to be from a popular TV show.

Always be vigilant and look for multiple reviews from reputable websites. Staying safe online means being careful and asking questions. We can all help each other avoid falling for them in the future by spreading awareness. 

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