Financial Crime Weekly: Mississippi Seafood Supplier To Pay $1.15M For Selling Bogus Seafood; Stem Cell Outfit Busted For Unapproved Drug; Magic Mushroom Maker Arrested For Fraud
Portfolio Pulse from Michael Juliano
The article discusses three financial crime cases: a Mississippi seafood supplier fined for mislabeling seafood, a stem cell company founder guilty of distributing unapproved drugs, and the CEO of Minerco Inc. arrested for securities fraud.
August 30, 2024 | 4:03 pm
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Minerco Inc.'s CEO, Julius Jenge, was arrested for securities fraud, involving misleading investors and issuing false press releases to inflate stock prices.
The arrest of Minerco's CEO for securities fraud is likely to negatively impact the company's stock price due to loss of investor confidence and potential legal repercussions.
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