Comment on Jammin’ Java settles allegations with SEC for $700,000

Jammin’ Java settles allegations with SEC for $700,000

Denver-based Jammin’ Java Corp. will pay $700,000 to the Securities and Exchange Commission to resolve allegations of a “pump-and-dump scheme” raised by the agency last year. In November, the SEC filed a complaint against the company alleging former CEO Shane Whittle had led an illegal securities offering and took part in a stock scheme “that generated at least $78 million in illicit profits.” Jammin’ Java must pay within 90 days of the final judgment, which is expected to be approved by the court by Monday. The company, which does business as Marley Coffee, has a market value of $11.1 million, according to Yahoo Finance. Related ArticlesJuly 2, 2016 Java junkies in U.S.

 

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