Hemp Inc (HEMP)

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SEC Charges 'King Of Pot' With Investment Fraud
Nathan Vardi
Former Staff
Following the money trail
Jun 21, 2016,03:42pm EDT
This article is more than 6 years old.
Federal securities regulators have filed a complaint against Bruce Perlowin that charges the CEO of publicly-traded Hemp Inc of committing a long-running fraud by evading securities registration provisions and selling hundreds of millions of unregistered shares.

Perlowin embraced the title of ‘King of Pot’ after spending nine years in prison for drug smuggling. He was one of the leaders of the pot penny stock bubble of early 2014 that saw the shares of dozens of thinly traded marijuana companies briefly soar and then collapse.