Psilocybin CEO arrested at airport fleeing stock fraud charges
The U.S. Department of Justice announced that the chief executive officer of psilocybin company Minerco Inc. (OTC: MINE), Julius Jenge was arrested…
The former CEO was fleeing a Securities and Exchange Commission (SEC) investigation into the stock fraud allegations around the penny stock company Minerco… In 2021, the company began touting its psilocybin business and Minerco announced a joint venture with Lazurus Holistic to serve as psilocybin experts to grow and develop a unique strain of mushrooms specific to Jamaica… On Aug. 12 [2024], Judge Tanya S. Chutkan of the U.S. District Court for the District of Columbia ordered Jenge “to produce documents responsive to the SEC subpoena” by Aug. 23 [2024], and “appear for testimony at the Commission’s Offices.” That’s when Jenge decided to skip town.
Original Article (Green Market Report):
Psilocybin CEO arrested at airport fleeing stock fraud charges
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