Dinenberg was charged in Philadelphia federal court with securities fraud and wire fraud tied to Kind Financial.

An information is a charging document. It is not a conviction. On Tuesday, Sept. 29, 2026, the U.S. Attorney's Office for the Eastern District of Pennsylvania charged him with one securities-fraud count and four wire-fraud counts arising from Kind, the cannabis payment company he founded. The Philadelphia Inquirer reported five fraud counts and a demand that he forfeit $9 million. Five counts match the one-and-four split other outlets quoted from prosecutors. A forfeiture demand is what the government wants. It is not a judgment.

Prosecutors allege Dinenberg started KindManage, LLC, also called Kind, around 2013 to process payments for cannabis growers and distributors. The Marijuana Herald, quoting the charging announcement, reported the information alleges that from about April 2014 through April 2023 he induced dozens of investors with false statements about Kind's revenue, valuation, and prospects, and led them to believe their money was being used for the company. The Philadelphia Inquirer reported he raised about $9 million from more than 50 investors and supplied false sales information. Those figures are the government's accusations and the Inquirer's account of them. They are not findings.

The information alleges he embezzled more than half a million dollars from Kind for personal expenses, including his sons' college tuition, rent on a California home, and social-club memberships, and that investors were defrauded of more than $8.8 million. A separate alleged scheme involves about $175,000 in fees Rhode Island cannabis growers paid in 2020 and 2021. Prosecutors say Kind was supposed to remit most of that money to the state and that Dinenberg diverted it to personal accounts. Patch reported the same securities-fraud count, four wire-fraud counts, and the half-million-dollar personal-expense allegation. Each of those paths is still an allegation.

The Philadelphia Inquirer reported Dinenberg resigned on May 4, 2023, and did not return calls seeking comment. Silence is not an admission. If convicted, the securities-fraud count and each wire-fraud count carry up to 20 years, as outlets quoting the U.S. Attorney reported. That maximum is statutory exposure. It is not a sentence. The case was investigated by FBI Philadelphia's Newtown Square office. Dinenberg is presumed innocent.