SEC Prosecutions

SEC Prosecutions

Pump-and-Dump Scheme Charged Against Issuer, Former CEO, Offshore Facilitators and Two Promoters; Partially Settled

SEC v. Jammin' Java Corp., dba Marley Coffee, Shane G. Whittle, Wayne S. P. Weaver, Michael K. Sun, Rene Berlinger, Stephen B. Wheatley, Kevin P. Miller, Mohammed A. Al-barwani, Alexander J. Hunter, and Thomas E. Hunter

  • TBD
  • Nearly $6 million and counting

Alleged $78 million fraud principally orchestrated by former CEO, Whittle, involving manipulation of defendant company/issuer Jammin’ Java’s stock after he secretly gained control of millions of shares in a reverse merger. The scheme was allegedly furthered by the use of offshore entities controlled by a number of the other defendants, and by the Hunter brothers who fraudulently promoted the stock. Jammin’ Java agreed to pay $700,000 to settle, and defendants Whittle and Wheatley agreed to pay over $2 million apiece. The case was still pending against defendants Weaver, Sun, Berlinger, Miller and Al-barwani at the time of this writing/summary.

Named one of the top whistleblower practices/attorneys in the country by The New York Times, Wall Street Journal, NPR and The New Yorker
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