SEC Charges "Magic Mushroom" Company and Two Individuals With Multimillion Dollar Pump-and-Dump Scheme
October 10, 2024
October 10, 2024
WASHINGTON, Oct. 10 -- The Securities and Exchange Commission issued the following news release on Oct. 9, 2024:
The Securities and Exchange Commission today charged Minerco Inc. (former over-the-counter ticker: MINE), Bobby Shumake Japhia, and Julius Makiri Jenge, for their roles in an alleged pump-and-dump scheme that defrauded investors out of approximately $8 million while generating millions of dollars in ill-gotten proceeds from sales of Minerco stock.
According t . . .
The Securities and Exchange Commission today charged Minerco Inc. (former over-the-counter ticker: MINE), Bobby Shumake Japhia, and Julius Makiri Jenge, for their roles in an alleged pump-and-dump scheme that defrauded investors out of approximately $8 million while generating millions of dollars in ill-gotten proceeds from sales of Minerco stock.
According t . . .