Michigan Man Indicted for Defrauding Investors in Multi-Million Dollar Magic Mushroom Company Penny-Stock Scam

2 months ago

A federal grand jury in the District of Columbia has indicted Bobby Shumake Japhia, 56, of Michigan, on charges of defrauding investors in Minerco Inc. (MINE) and obstructing an SEC investigation. The indictment alleges that Shumake, who used multiple aliases including Robert Samuel Shumake Jr. and Shaman Bobby Shu, orchestrated a fraudulent scheme involving Minerco, […]