Washington, D.C. - June 2025: A wave of public scrutiny is sweeping across the U.S. Securities and Exchange Commission following a shocking disclosure by federal whistleblower Shaman Shu (Robert Shumake). In what legal analysts now call the largest expert fraud in modern SEC history, Shu has exposed 21 federal cases tainted by false credentials used in official testimony.
The controversy centers around Pesach Glaser, an individual repeatedly presented by the SEC as a forensic expert. According to newly admitted court filings, Glaser was not a licensed CPA and did not hold the MBA he claimed-despite submitting sworn declarations in dozens of cases.
SEC Now Admits False Credentials in Court
View the Official Court Filing (PDF):
https://www.stocks.wiki/press
In the document filed May 16, 2025, the SEC formally acknowledges inaccuracies in Glaser's expert declaration and states it is "reviewing the circumstances" and "evaluating next steps." This filing validates core parts of Shu's whistleblower claim and underscores the systemic flaws in vetting expert witnesses.
Who Was Affected?
2,000+ investors may have suffered financial harm
Multiple SEC civil judgments may be based on false evidence
Shaman Shu himself became a target after exposing the scheme
The scandal impacts SEC enforcement strategy, public trust, and due process
Cases Under Scrutiny:
SEC v. JanOne Inc. (targeting Shaman Shu)
SEC v. Longfin Corp
SEC v. Biozoom, Inc.
SEC v. Heart Tronics, Inc.
SEC v. Direct...
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