Igor Palatnik Faces 6 Years in Prison and $1.7M Fine in Hemp Company Fraud Case

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Palatnik argued that he was less culpable than some co-defendants, including Frank Barone and Kirill Chumenko, who, he asserted, stole millions from CanaFarma investors, including Palatnik himself.

Igor Palatnik Gets 6 Years in Prison and $1.7m Fine: Defense Stay Silent

While the U.S. attorney’s office in Manhattan declined to comment, counsel for Palatnik remained silent, leaving the public and the legal community in suspense.

The case, titled U.S. v. Fargesen et al., case number 1:21-cr-00602, continues to unravel in the U.S. District Court for the Southern District of New York.