Kona Gold Beverage Inc (KGKG)

[Flat Foot]

Speaking of Dave>>Section 17(b) Securities Act of 1933

I don't ever remember any disclosure about "how" Dave was getting paid. Maybe I'm wrong.

Investor Relations Fraud

Take a look at Section 17(b) of the Securities Act of 1933:
”It shall be unlawful for any person, by the use of any means or instruments of transportation or communication in interstate commerce or by the use of the mails, to publish, give publicity to, or circulate any notice, circular, advertisement, newspaper, article, letter, investment service, or communication which, though not purporting to offer a security for sale, describes such security for a consideration received or to be received, directly or indirectly, from an issuer, underwriter, or dealer, without fully disclosing the receipt, whether past or prospective, of such consideration and the amount thereof.”The key language here is at the end, “without fully disclosing the receipt, whether past or prospective, of such consideration and the amount thereof.” In actual fact, many investor relations firms fail to comply with this. They often get stock as payment and fail to say that they are going to sell it while they are pumping the stock.

http://otcshortreport.com/blog/john-lux/pump-and-dump-victims-their-rights-and-remedies/