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.
Jammin’ Java Settles Allegations With Sec For $700,000
Tracy M. Cook, Denver Post: Living
Thu, 07/07/2016 - 5:34pm
Topics: denver-based jammin java securities exchange commission in november ceo shane whittle finance related articlesjuly u.s capital one cafe starbucks marley coffee ceo brent toevs december jammin java s hope road music anh tran rohan marley june 29 he my instead jan colorado rapids major league soccer denver broncos rockies jammin java java jammin java denver corp sec marley coffee july java june the marley coffee marley marley marley coffee bob marley tran tran tran he in colorado allegations company million share cents stock price board pay year complaint thursday agreement contract lawsuit global chairman letter days directors run revenue companies scheme fiscal
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