Fraud

©Getty Images - Valery Evlakhov

SEC indicts CanaFarma founders on securities fraud

By Hank Schultz

The US Securities and Exchange Commission has indicted CanaFarma hemp and its two cofounders with fraudulently raising about $15 million from investors, and misappropriating approximately $4 million of that for personal and nonbusiness purposes.

Feds seize $3 million from Wheat, Hi Tech

Feds seize $3 million from Wheat, Hi Tech

By Hank Schultz

The federal government has seized more than $3 million from Hi Tech Pharmaceuticals CEO Jared Wheat as part of its money laundering and mail fraud case against the executive and the dietary supplement company he controls.

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