Justice Dept.: Mastermind of Multimillion-Dollar Penny-Stock Scam Indicted for Fraud and Obstruction
October 10, 2024
October 10, 2024
WASHINGTON, Oct. 10 -- The U.S. Department of Justice issued the following news release on Oct. 9, 2024:
A federal grand jury in the District of Columbia returned an indictment yesterday charging a Michigan man with defrauding investors in Minerco Inc. (stock ticker MINE) -- leading to millions of dollars in investor losses -- as well as obstructing a Securities and Exchange Commission (SEC) proceeding by destroying evidence.
According to the indictment, Bobby Shumake J . . .
A federal grand jury in the District of Columbia returned an indictment yesterday charging a Michigan man with defrauding investors in Minerco Inc. (stock ticker MINE) -- leading to millions of dollars in investor losses -- as well as obstructing a Securities and Exchange Commission (SEC) proceeding by destroying evidence.
According to the indictment, Bobby Shumake J . . .