Business ProfileforCanafarma, LLC
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On July 10, 2024, Vitaly Fargesen and Igor Palatnik were sentenced to 4 years and 78 months in prison, respectively, by U.S. District Judge Loretta A. Preska (United States Attorney’s Office Southern District of New York) for participating in a scheme to defraud investors in CanaFarma Corp. and, later, CanaFarma Hemp Products Corp. (together, “CanaFarma”), by soliciting funds based upon false and misleading representations, failing to invest investor’s funds as promised, and secretly misappropriating millions of dollars of CanaFarma funds. In addition to the prison sentence, FARGESEN, 54, of Manalapan, New Jersey, and PALATNIK, 49, of Morganville, New Jersey, were each ordered to forfeit $1,733,000 and to pay restitution in the amount of $4,703,915.26. For more details go to https://www.justice.gov/usao-sdny/pr/two-new-jersey-men-sentenced-scheme-defraud-investors-hemp-company.
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- Location of This Business
- PO Box 5508, Old Bridge, NJ 08857-5508
- BBB File Opened:
- 9/13/2019
- Alternate Business Name
- Yooforic
- Business Management
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