May 25, 2026 – SACRAMENTO, CA – Keinyatey Deboros Chambers, 49, of Sacramento, was
scheduled to make an initial appearance on Friday after a federal grand jury returned an indictment charging him with 10 counts of wire fraud for an investment scheme, U.S. Attorney Eric Grant announced.
Image by myshoun from Pixabay
According to court documents, between December 2017 and March 2026, Chambers falsely represented that he was involved in the cannabis industry. He met victims at various casinos, bars, and restaurants throughout California and represented that if they invested with his cannabis company, they would receive very high returns within days or weeks. Chambers, however, was not involved in the legitimate cannabis industry, and he never invested or used the investment money as promised. Instead, he stole it and used it to finance his personal life, spent it at casinos, or paid his associates…