SEC charges Joecool for alleged CBD coffee scam

Wed, Jan 15

Key Points

The SEC is charging Joecool.com, LLC and its CEO for misappropriation of investor funds and making false statements about CBD-infused coffee products.
Joecool allegedly raised a significant amount of money between November 2019 and February 2024.
The company and its CEO are accused of using investor funds for personal expenses instead of the stated business purposes.
Investors were misled with false and misleading statements about the company's activities and financial situation.

The Securities and Exchange Commission (SEC) is charging Joecool.com, LLC and its CEO, Joseph Ariel Haber, for their alleged misappropriation and misuse of investor funds and false and misleading statements to investors over CBD-infused coffee products.

The SEC alleges that between at least November 2019 and February 2024, Joecool raised roughly...

Please login to read all 664 words.

Discover