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Hemp Inc. settles 2016 fraud case

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Las-Vegas-based Hemp Inc. and three executives settled a 5-year old fraud case with the U.S. Securities & Exchange Commission (SEC) without admitting or denying the charges. The SEC filed the case in 2016, charging the OTC-traded company’s CEO Bruce Perlowin and executives Barry Keith Epling and Jed M. Perlowin with committing a long-running fraud and running an illegal scheme to sell unregistered stock in violation of U.S. securities laws. The company said Bruce Perlowin will no longer manage the day-to-day operations of Hemp Inc., but will become “Chief Visionary Consultant.”

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