Biography/Memoir

Magic Mushroom research company and founders charged in million-dollar scheme

The Securities and Exchange Commission (SEC) has charged a company with fraud for researching, producing, and distributing psilocybin (Magic) mushrooms and making illegal financial gains in the process. Charges were filed against Minerco and… founders Bobby Shumake Japhia, and Julius Makiri Jenge… in the District Court for the District of Columbia.

They stand accused of violating the antifraud provisions of “Section 17(a) of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder.” According to the SEC report, they reportedly publicized themselves as the “first publicly traded company focused on the research, production, and distribution of psilocybin mushrooms.” … “As alleged here, pump-and-dumps often begin when cheap stock of dormant companies is suddenly touted by a promoter as the next big thing,” said Melissa Hodgman, Associate Director of the Division of Enforcement.

Original Article (NASDAQ):
Magic Mushroom research company and founders charged in million-dollar scheme
Artwork Fair Use: Gabriele Giuseppini

Biography/Memoir

Patented…

Biography/Memoir

…launch of…