I don't think Artie is going to be much help - he has been barred by the SEC.
ADMINISTRATIVE PROCEEDING
File No. 3-18267 and 3-18268
SEC Settles Charges Against Two Individuals in a Fraudulent Manipulation Scheme
Involving the Stock of a Medical Marijuana Company October 26, 2017 – The Securities and Exchange Commission today announced that Henry Lin-
Han Jan and Artemus Mayor have agreed to settle charges that they engaged in a fraudulent
manipulation scheme involving the securities of SK3 Group, Inc., a publicly traded micro company purportedly operating in the medical marijuana industry.
An SEC investigation found that from early 2013 through June 2014, Jan, SK3’s control person,
and Mayor, SK3’s President, orchestrated a fraud that consisted of two coordinated components.
First, Jan and Mayor caused SK3 to issue a series of false and misleading press releases
announcing that the company entered into the medical marijuana industry and had secured
certain acquisitions and agreements valued at millions of dollars. SK3’s stock price and trading volume increased significantly as a result of the issuance of these press releases. However, the
purported acquisitions and agreements were nothing more than a series of sham transactions designed to create the appearance of positive corporate activity. Second, Jan and Mayor
participated in the unlawful issuance of millions of purportedly unrestricted SK3 shares to
nominees of Jan. Jan and Mayor instructed the nominees to sell their SK3 shares at inflated
prices into the artificially active market that they created. In accordance with a prearranged
agreement with Jan, the nominees then sent $2.3 million from the illegal SK3 stock sale proceeds back to an entity that Jan controlled.
The SEC has issued an Investor Alert warning about the potential for fraud in microcap
companies that claim their operations relate to the marijuana industry. The alert highlights red
flags of potential microcap fraud including false or exaggerated press releases.
The SEC’s order against Jan requires him to cease-and-desist from committing violations or
future violations of the securities offering registration and antifraud provisions of the federal securities laws, imposes a penny stock bar, orders him to pay $2.33 million in disgorgement plus prejudgment interest, and orders him to pay a civil penalty of $160,000.
The SEC’s order against Mayor requires him to cease-and-desist from committing violations or future violations of the securities offering registration and antifraud provisions of the federal securities laws, imposes a penny stock bar with the right to apply for reentry after five years, bars him from serving as an officer or director for a period of five years, and orders him to pay a civil penalty of $160,000. Both Jan and Mayor consented to the SEC’s orders without admitting or denying the SEC’s findings.
IG
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