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SEC cites Whittle over Jammin' Java scheme

2015-11-17 19:55 ET - Street Wire

Also Street Wire (U-*SEC) U S Securities and Exchange Commission
Also Street Wire (U-JAMN) Jammin' Java Corp

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by Mike Caswell

The U.S. Securities and Exchange Commission has filed civil fraud charges against Kelowna's Shane Whittle and a group of promoters for the pump-and-dump of Jammin' Java Corp., a purported coffee producer that included one of the sons of Bob Marley. The SEC claims that the group boosted the stock with misleading news and fraudulent on-line reports. Offshore entities then sold $78-million worth of shares, according to the SEC. (All figures are in U.S. dollars.)

The allegations are contained in a civil complaint the SEC filed on Tuesday, Nov. 17, in the Central District of California. The action targets a group of promoters, with Mr. Whittle featuring prominently among them. The SEC identifies him as a 39-year-old who has previously lived in Vancouver and Los Angeles, Calif. He is currently residing in Kelowna or the West Indies.

Shane Whittle and Rohan Marley
MARLEY COFFEE
Shane Whittle and Rohan Marley

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