New York, NY - June 2025: A sweeping whistleblower disclosure from Robert Shumake, publicly known as Shaman Shu, has revealed what may be the most widespread credential fraud in the history of the U.S. Securities and Exchange Commission (SEC).
Central to the scandal is Pesach Glaser, who served as an expert witness in over 20 SEC cases. According to court records, Glaser falsely claimed to hold an active CPA license, an MBA from Northwestern, and long-term forensic credentials with the SEC-all of which have been discredited. These declarations were submitted under oath and used to support billions in judgments and settlements.
Court Filing Confirms SEC Admission of Inaccuracies
Public Access PDF Filing:
View Full Document - stocks.wiki/press
Filed on May 16, 2025, in the U.S. District Court for the Eastern District of Michigan, the SEC's own attorneys now acknowledge "certain inaccuracies" in Glaser's sworn testimony, confirming that he does not currently hold a CPA license and did not receive an MBA as previously claimed.
Highlights from the Whistleblower Disclosure:
21 SEC cases may be compromised by false expert testimony
Over 2,000 investors financially harmed
Whistleblower protection invoked under Dodd-Frank Section 21F
Shu targeted after playing a role in presidential clemency advocacy
Official SEC filing states it is reviewing whether further action is required
Cases Potentially Affected:
SEC v. Longfin Corp
SEC v. JanOne Inc.
SEC v. Heart Tronics, Inc.
SEC v....
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