The U.S. Securities and Exchange Commission brought fraud charges Tuesday against nine people who allegedly carried out a $78 million "pump-and-dump" scheme with stock of Jammin' Java Corp., a coffee company that was founded by one of Bob Marley's sons and uses trademarks of the late reggae legend.
November 17, 2015 at 06:44 PM
1 minute read
“As a result of defendants’ illegal distribution and fraudulent promotion, investors in Jammin’ Java stock lost millions of dollars,” Dean of the SEC wrote in the complaint.
The SEC’s complaint is posted below. This story was updated on Nov. 18 with comment from Marley Coffee.
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