The SEC alleges took control of Minerco a dormant penny stock and appointed its head to promote the company as a pioneer in psilocybin mushroom research. From 2020 to 2021 issued false statements, claiming Minerco had partnerships and valuations that didn’t exist, and misleadingly represented it as an active Nevada company. Shumake is also accused of using an offshore entity to “dump” shares, amassing at least $3.4 million in unlawful profits…