The United States Securities and Exchange Commission (SEC) has charged Shane White, the former chief executive officer of Jammin Java, a coffee company formed by Rohan Marley, with establishing several offshore entities in the United Kingdom to inflate the share cost of the firm by 3,635 percent in 2011. The SEC says that these shares were then “dumped” onto unknowing investors. The SEC investigation was discovered in 2011 when the firm became aware of “unauthorized Internet stock promoters.” The “pump and dump” scheme netted the scammers some $73 million. Rohan Marley, son of reggae legend Bob Marley, was not accused of any wrongdoing. Speaking on the current interest in the 2011 charges, Marley said what he said at that time: he continues “to grow the business.” Marley remains the chairman of Jammin Java.
Former CEO of Jammin Java, Rohan Marley’s Coffee Company, Facing SEC Charges
You may also like
Jamaican News & Announcements
Tributes Abound for Beloved Jamaican Singer Karen Smith upon Her Passing
Jamaican News & Announcements
Jamaican American Lawyer Wins Big in Race for Municipal Judge Seat in Brooklyn
Jamaican News & Announcements
Jamaican Women Celebrated at Posh Icon Woman Awards Ceremony
Jamaican News & Announcements
Jamaican Donette Chin-Loy Chang Appointed 6th Chancellor of Toronto Metropolitan University
Jamaican News & Announcements
Jamaican Scientist Chosen for Inaugural “Rising Scholars: Breast Cancer” Program
Jamaican News & Announcements
Legendary Jamaican football player, Richard Davy, being honored with Davy Cup Debut on March 16th at True Blue Weekend Soccerfest
Jamaican News & Announcements
Jamaica’s ‘One Love’ Lights Up NYC: VIP Reception and Film Screening Celebrate Bob Marley’s Iconic Legacy
Jamaican News & Announcements
Image International Music Festival Returns to Portland