U.S. SEC expenses hemp firm CanaFarma and co-founders with fraud

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WASHINGTON, Oct 5 (Reuters) – The U.S. Securities and Exchange Commission has charged the Canadian firm CanaFarma Hemp Products Corp and its co-founders with fraudulently elevating about $15 million from traders, and misappropriating a good portion of the funds for private use and different unrelated functions, the SEC stated on Tuesday.

Reporting by Eric Beech; Writing by Mohammad Zargham; Editing by Leslie Adler

REUTERS/Johanna Alarcon