I think the pickle that JJ got himself into is combining corruption with being on the NASDAQ. The SEC standards are much higher on the NASDAQ than on the pinkies.
I suspect that there are lots of skeletons in his cooked books. The judge may force JJ to pop the hood in the interest of transparency to fulfill JJ's obligations as stated in the CA. This could get interesting and unpleasant. Unfortunately, he may take down some SH with him.