Categories: aggregated

CannaFarma Investment Scam – Investors Defrauded Out of $4 Million by a Fake CEO

The indictment explains that CanaFarma’s alleged scheme can be traced back to October 2018. In 2018, the duo, via a straw purchaser, initiated acquiring a dormant Canadian shell company. A few months later, Palatnik and Fargesen reached out to individuals identified as “Co-conspirator 1” (CC-1) and “Co-conspirator 2,” (CC-2). The filing explains that Palatnik and Fargesen informed CC-1 and CC-2 that they had a pool of investors overseas who would fund their idea. The idea was to create a company founded on hemp-derived products. And as soon as they get the funds, they will be up and running.

Jason

Share
Published by
Jason

Recent Posts

Alcohol Is Fun. Hangovers Suck. Here’s What I Drink Instead.

A first-person review of the hemp-derived THC cocktail base I poured at our Cannabis Cup…

22 hours ago

Every Roll of Paper You’ve Touched Comes From a French Invention. The English Took the Credit.

Every paper mill in the world still runs on the continuous-web design a Frenchman patented…

22 hours ago

[Movie Trailer] ‘Cannesabis: Disclosure Night’: The Martians Came to Cannes for the Movies. They Brought Weed.

A new AI-assisted sci-fi satire from filmmaker Dan Levy Dagerman and the Space Weed Universe…

22 hours ago

The Telltale Spark: Spain Dismantled 1,850 Indoor Cannabis Grows by Tracking Illegal Power Hookups in 2025

Spain has increased penalties for electricity theft linked to indoor cannabis cultivation after Endesa reported…

22 hours ago

It’s Never Too Late to Grow Fire

How a 52-year-old first-time grower turned trial and error into a show-stopping harvest The first…

22 hours ago

The Legacy Knowledge Drain: Why Corporate Cannabis is a Dying System

This is the legacy knowledge drain, and it is the quiet catastrophe nobody in the…

22 hours ago