June 2025 - New York, NY: Shaman Shu, born Robert Shumake and legally known as Bobby Japhia, has come forward as a federally protected whistleblower exposing what may be the largest credential fraud in SEC history-a case that could unravel over $1 billion in court decisions and settlements.
Shu's disclosure identifies false testimony submitted by an unqualified expert, Pesach Glaser, across 21 SEC enforcement actions, potentially affecting more than 2,000 investors and the credibility of multiple federal judgments.
At the heart of the scandal is credential fraud-Glaser allegedly misrepresented himself as a CPA, MBA holder, and senior SEC forensic accountant. These misrepresentations went unchallenged for years, impacting high-stakes securities litigation.
Cases Allegedly Contaminated by False Testimony:
SEC v. Heart Tronics, Inc.
SEC v. Clean Energy Capital, LLC
SEC v. Biozoom, Inc.
SEC v. Longfin Corp.
SEC v. Direct Lending Investments LLC
SEC v. JanOne Inc. (targeting Shaman Shu)
SEC v. Empire Petroleum Corp.
SEC v. Parallax Health Sciences, Inc.
SEC v. Premier Ventures & Anton & Chia LLP
(and 12+ others cited in court filings)
Key Allegations:
Falsified CPA and MBA credentials presented under oath
Fraudulent declarations submitted in at least 21 federal cases
SEC allegedly retaliated against Shu after clemency advocacy in 2021
Over 2,000 investors financially impacted
SEC whistleblower protections invoked under 15 U.S.C. § 78u-6(h)
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