Sacramento Man Indicted for Cannabis Investment Scheme Involving Victims Solicited at Casinos, Bars, and Restaurants Throughout the Region

SACRAMENTO, Calif. - Keinyatey Deboros Chambers, 49, of Sacramento, is scheduled to make an initial appearance today 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.

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.

After receiving investment money, Chambers pressured the investor-victims to invest additional money, and he encouraged investor-victims to find and recruit other investors. In total, Chambers is charged with having obtained more than half a million dollars through the scheme.

If you have information related to this case or believe you may be a victim, contact your local FBI office.

The Federal Bureau of Investigation and California Department of Justice's Bureau of Gambling Control conducted the investigation. Assistant U.S. Attorney Jessica Delaney is prosecuting the case.

If convicted, Chambers faces a maximum statutory penalty of 20 years in prison and a $250,000 fine on each count. Any sentence, however, would be determined at the discretion of the court after consideration of any applicable statutory factors and the federal Sentencing Guidelines, which take into account a number of variables. The charges are only allegations; the defendant is presumed innocent until and unless proven guilty beyond a reasonable doubt.