Action against Defendants, a real estate agent, a beverage marketer and developer, a corporate consultant and promoter, and a bank employee, for an alleged pump-and-dump scheme. According to the SEC, Defendants artificially increased the stock price and trading volume of a beverage and cannabis company owned by two of the Defendants by promoting the company through false and misleading statements. The SEC alleges that once the price and trading volume of the stock artificially rose, Defendants sold their shares.

SEC Complaint 

SEC Litigation Release