SEC v. Erik (“Rik”) Deitsch; Sean McManus; and Nutra Pharma Corp., No. LR-26007, Eastern District of New York (May 13, 2024) — Press Release

U.S. SECURITIES AND EXCHANGE COMMISSION Litigation Release No. 26007 / May15, 2024 Securities and Exchange Commission v. Nutra Pharma Corp. et al, No. 2:18-cv-5459 (E.D.N.Y filed Sept. 28, 2018) SEC Obtains Final Judgments Against Florida Microcap CEO and Consultant for Fraud On May 13, 2024, the U.S. District Court for the Eastern District of New York entered final consent judgments against Erik (“Rik”) Deitsch, the former CEO of microcap issuer Nutra Pharma Corporation (“Nutra Pharma”), and Sean McManus, a consultant for Nutra Pharma, enjoining them from violating certain provisions of the federal securities laws, ordering disgorgement and civil monetary penalties, imposing penny stock bars, and as to Deitsch, imposing an officer-and-director bar. According to the SEC’s complaint, Nutra Pharma, a microcap issuer that purports to make pain relief drugs with cobra venom, and Deitsch, issued or posted a series of press releases that materially misled investors. The releases allegedly implied, among other things, that Nutra Pharma had engaged a company to distribute its product internationally, when it had not, and that Nutra Pharma had expanded and upgraded its cobra farm facilities, when it did not own those facilities or the cobras and there were no expansions or upgrades at that time. Nutra Pharma publicized many of these press releases while Nutra Pharma and Deitsch allegedly engaged in an unregistered distribution of its securities to retail investors. In addition, on multiple occasions, Deitsch allegedly engaged in manipulative trading to stabilize or raise Nutra Pharma’s stock price and create the appearance of active trading. Further, Nutra Pharma and Deitsch allegedly failed to make numerous required filings, including ones about the company’s sales of unregistered securities and ones about Deitsch’s beneficial ownership of the company’s securities. McManus allegedly made misrepresentations to investors while acting as an unregistered broker. The SEC’s complaint charged Deitsch with violating Sections 5(a) and (c) and 17(a) of the Securities Act of 1933 (“Securities Act”) and Sections 9(a)(2), 10(b), 13(a), 13(d), and 16(a) of the Securities Exchange Act of 1934 (“Exchange Act”) and Rules 10b-5, 13a-14, 13d-2, and 16a-3 thereunder. The Commission further alleged he aided and abetted Nutra Pharma’s violations of Section 17(a) of the Securities Act and Sections 10(b) and 13(a) of the Exchange Act and Rules 10(b)-5, 13a-11, and 13a-13 thereunder. McManus was charged with violating Section 17(a) of the Securities Act and Sections 10(b) and 15(a) of the Exchange Act and Rule 10b-5 thereunder. On August 31, 2022, the court granted the Commission summary judgment on its claims that Deitsch violated Sections 5(a) and 5(c) of the Securities Act and Sections 13(d) and 16(a) of the Exchange Act and Rules 13d-2 and 16a-3 thereunder. The Commission dismissed the aiding and abetting charges against Deitsch, and on March 19, 2024, the Court entered partial consent judgments against Deitsch and McManus in which they agreed, without admitting or denying the allegations, to be permanently enjoined from violations of the charged provisions. As to Deitsch, the consent judgment also included a three-year officer and director bar and a three-year penny stock bar. On May 13, 2024, the Court entered final consent judgments against Deitsch and McManus. Deitsch was ordered to pay $44,046.28 in disgorgement and $5,013.49 in prejudgment interest thereon, as well as $30,000 in civil penalties. McManus was ordered to pay $5,500 in disgorgement and $625.03 in prejudgment interest thereon, as well as $5,500 in civil penalties and agreed to a two-year penny stock bar. The SEC’s litigation is being handled by Lindsay S. Moilanen, Lee Greenwood, Rusty Feldman, and Karolina Klyuchnikova of the New York Regional Office and is being supervised by Daniel Loss and Sheldon L. Pollock.

U.S. SECURITIES AND EXCHANGE COMMISSION Litigation Release No. 26007 / May15, 2024 Securities and Exchange Commission v. Nutra Pharma Corp. et al, No. 2:18-cv-5459 (E.D.N.Y filed Sept. 28, 2018) SEC Obtains Final Judgments Against Florida Microcap CEO and Consultant for Fraud On May 13, 2024, the U.S. District Court for the Eastern District of New York entered final consent judgments against Erik (“Rik”) Deitsch, the former CEO of microcap issuer Nutra Pharma Corporation (“Nutra Pharma”), and Sean McManus, a consultant for Nutra Pharma, enjoining them from violating certain provisions of the federal securities laws, ordering disgorgement and civil monetary penalties, imposing penny stock bars, and as to Deitsch, imposing an officer-and-director bar. According to the SEC’s complaint, Nutra Pharma, a microcap issuer that purports to make pain relief drugs with cobra venom, and Deitsch, issued or posted a series of press releases that materially misled investors. The releases allegedly implied, among other things, that Nutra Pharma had engaged a company to distribute its product internationally, when it had not, and that Nutra Pharma had expanded and upgraded its cobra farm facilities, when it did not own those facilities or the cobras and there were no expansions or upgrades at that time. Nutra Pharma publicized many of these press releases while Nutra Pharma and Deitsch allegedly engaged in an unregistered distribution of its securities to retail investors. In addition, on multiple occasions, Deitsch allegedly engaged in manipulative trading to stabilize or raise Nutra Pharma’s stock price and create the appearance of active trading. Further, Nutra Pharma and Deitsch allegedly failed to make numerous required filings, including ones about the company’s sales of unregistered securities and ones about Deitsch’s beneficial ownership of the company’s securities. McManus allegedly made misrepresentations to investors while acting as an unregistered broker. The SEC’s complaint charged Deitsch with violating Sections 5(a) and (c) and 17(a) of the Securities Act of 1933 (“Securities Act”) and Sections 9(a)(2), 10(b), 13(a), 13(d), and 16(a) of the Securities Exchange Act of 1934 (“Exchange Act”) and Rules 10b-5, 13a-14, 13d-2, and 16a-3 thereunder. The Commission further alleged he aided and abetted Nutra Pharma’s violations of Section 17(a) of the Securities Act and Sections 10(b) and 13(a) of the Exchange Act and Rules 10(b)-5, 13a-11, and 13a-13 thereunder. McManus was charged with violating Section 17(a) of the Securities Act and Sections 10(b) and 15(a) of the Exchange Act and Rule 10b-5 thereunder. On August 31, 2022, the court granted the Commission summary judgment on its claims that Deitsch violated Sections 5(a) and 5(c) of the Securities Act and Sections 13(d) and 16(a) of the Exchange Act and Rules 13d-2 and 16a-3 thereunder. The Commission dismissed the aiding and abetting charges against Deitsch, and on March 19, 2024, the Court entered partial consent judgments against Deitsch and McManus in which they agreed, without admitting or denying the allegations, to be permanently enjoined from violations of the charged provisions. As to Deitsch, the consent judgment also included a three-year officer and director bar and a three-year penny stock bar. On May 13, 2024, the Court entered final consent judgments against Deitsch and McManus. Deitsch was ordered to pay $44,046.28 in disgorgement and $5,013.49 in prejudgment interest thereon, as well as $30,000 in civil penalties. McManus was ordered to pay $5,500 in disgorgement and $625.03 in prejudgment interest thereon, as well as $5,500 in civil penalties and agreed to a two-year penny stock bar. The SEC’s litigation is being handled by Lindsay S. Moilanen, Lee Greenwood, Rusty Feldman, and Karolina Klyuchnikova of the New York Regional Office and is being supervised by Daniel Loss and Sheldon L. Pollock.