Robert Shumake reveals SEC fraud accusations

Robert Shumake, also known as Shaman Shu, has undergone a significant legal transformation from being a defendant in a federal case to becoming a whistleblower. He is currently facing charges related to stock manipulation at Minerco, but has taken action by filing reports against the Securities and Exchange Commission (SEC) itself.
Shumake has leveled explosive allegations against the SEC, claiming that an investigator within the agency used false credentials in various federal cases. These claims have far-reaching implications, potentially impacting over 2,000 investors and billions of dollars in settlements. His journey from aiding in securing clemency for former Detroit Mayor Kwame Kilpatrick to now challenging federal agencies has led to accusations that have reached the highest ranks of government enforcement.
In a recent statement, Shumake shed light on the developments in his legal battle with the SEC. He highlighted that after successfully aiding Kilpatrick in obtaining clemency, he faced swift retaliation. Shumake revealed that he was promptly sued by the SEC for securities fraud. Despite a judge dismissing the securities fraud charges, the SEC persisted in its legal pursuit. Shumake, determined to prove his innocence, refused to settle and continued to fight the allegations against him.
Shumake’s whistleblower reports to the SEC have exposed a troubling revelation about the agency’s chief investigator, Pesach Glaser. According to Shumake, Glaser had misrepresented his credentials by falsely claiming to possess an MBA from Kellogg and maintaining status as a CPA. This dishonesty has had significant ramifications, not only for Shumake but also for 21 other individuals who were embroiled in similar SEC cases. Shumake emphasized the magnitude of the impact, citing cases where individuals had lost their businesses, filed for bankruptcy, and lost substantial sums of money due to false accusations.
As a federal whistleblower, Shumake is entitled to legal protections that shield him from retaliation and ensure his safety. However, he asserted that these protections have been violated, with the SEC continuing its pursuit against him despite the exposure of Glaser’s fraudulent actions. Shumake called attention to the Dodd-Frank Act, which outlines the rights of whistleblowers and prohibits retaliation, accusing the SEC of breaching constitutional laws in its treatment of him.
Shumake also touched upon the role of the Biden Administration in his ordeal, suggesting that past associations with individuals from the Obama/Biden administration may have influenced the handling of his case. He insinuated that the administration may have been predisposed against him due to his involvement in Kilpatrick’s clemency. This perceived bias, according to Shumake, contributed to the targeting and legal action taken against him.
In light of his experiences, Shumake emphasized the importance of transparency and truth-telling in exposing misconduct. He stressed the need for stringent oversight and accountability measures to prevent similar injustices from befalling future whistleblowers. By shedding light on corrupt practices within regulatory bodies like the SEC, Shumake aims to create a safer environment for those who speak out against wrongdoing.