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Securities and Exchange Commission v. Jammin Java Corp. et al

  1. September 15, 2017

    Offshore Penny Stock Manipulator Must Pay $58M

    A California federal judge has slapped an offshore investor with a nearly $58 million judgment over his role in a pump-and-dump scheme involving a Bob Marley-branded coffee company, ruling Thursday that the sanctions sought by the U.S. Securities and Exchange Commission didn't run afoul of a recent U.S. Supreme Court decision or the U.S. Constitution.

  2. August 15, 2017

    SEC's $104M Bid Is Too High, Penny Stock Manipulator Says

    The final defendant in a U.S. Securities and Exchange Commission case involving a "pump-and-dump" penny stock scheme for a Bob Marley-branded coffee company accused the SEC of overreaching in its $104 million bid for monetary relief, saying the proposed penalty is too high and doesn't reasonably approximate his pecuniary gain.

  3. July 10, 2017

    SEC Seeks $114M From Offshore Penny Stock Manipulator

    The U.S. Securities and Exchange Commission asked a California federal judge Monday to make a player in a pump-and-dump scheme involving a Bob Marley-branded coffee company pay almost $114 million in disgorgement and penalties, saying Wayne Weaver had no regrets and could commit fraud again if he isn't banned from penny-stock offerings.

  4. June 01, 2017

    SEC Wins Pump-And-Dump Claims Against Coffee Investor

    A California federal judge has ruled in favor of the U.S. Securities and Exchange Commission on allegations that an offshore investor participated in a $78 million pump-and-dump scheme involving shares of Jammin Java Corp., a coffee company originally founded by Bob Marley's son Rohan.

  5. May 25, 2017

    4 Investors Settle SEC's Coffee Co. Pump-And-Dump Claims

    A California federal judge gave the green light on Wednesday for four offshore investors to pay the U.S. Securities and Exchange Commission nearly $1.7 million in disgorgements and interest to settle allegations that they participated in a $78 million pump-and-dump scheme involving shares of Jammin' Java Corp., a coffee company originally founded by Bob Marley's son Rohan.

  6. June 01, 2016

    Marley-Linked Coffee Co. Settles SEC Pump-And-Dump Case

    A Bob Marley-linked coffee company agreed Tuesday to settle U.S. Securities and Exchange Commission charges in California federal court that it operated as a front for nine fraudsters in a $78 million pump-and-dump scheme by being banned from selling securities and paying back ill-gotten gains.

  7. November 17, 2015

    SEC Says Bob Marley-Linked Coffee Co. Stirred Up $78M Fraud

    The U.S. Securities and Exchange Commission on Tuesday accused nine people of participating in a $78 million pump-and-dump scheme the agency said was brewed up using a sham coffee business tied to the son of former reggae icon Bob Marley.