DS Healthcare Reports Findings From Internal Investigation - Quick Facts

(RTTNews) - DS Healthcare Group, Inc. announced it has initiated an internal investigation to determine the cause of recent events including the unsuccessful attempted termination of Daniel Khesin, President, and Chairman of DS Healthcare. The company said its former board member Michael Pope, CEO Renee Barch-Niles, and company attorney Stephen Weiss attempted to remove Daniel Khesin from the company under threat of an imminent SEC investigation, implying allegations of wrongdoing that were never revealed.

The company said the investigation has revealed that Michael Pope, Renee Barch-Niles, and Stephen Weiss conspired to defraud investors by arranging a transaction to issue 2 million shares of company common stock to each other within days of filing a false 8k statement with the SEC proclaiming that Daniel Khesin had been terminated for cause as President and Chairman of the Board. No such action took place.

DS Healthcare stated that the findings from the internal investigation have been reported to the DOJ, FBI, Secret Service, and local law enforcement.