Enochian Biosciences Inc (NASDAQ: ENOB) stock crashed more than 40% after Hindenburg Research reported that Enochian’s founder and inventor of its scientific breakthroughs has been arrested in a murder for hire plot in California.

The press release by Department of Justice from the District of Vermont was also attached.

The Office of the United States Attorney for the District of Vermont stated that Serhat Gumrukcu, 39, of Los Angeles, California, and Berk Eratay, 35, of Las Vegas, Nevada, were arrested yesterday after having been charged by a federal grand jury in Vermont with conspiring to use interstate commerce facilities in the commission of murder-for-hire which resulted in the death of Gregory Davis, a resident of Danville, Vermont. 

Gumrukcu is expected to appear later today in the United States District Court for the Central District of California.  Eratay is expected to appear later today in the United States District Court for the District of Nevada.

According to court records, Jerry Banks, 34, of Fort Garland, Colorado was previously arrested after having been charged with kidnapping Gregory Davis from his Danville home on January 6, 2018.  On January 7, 2018, Davis was found dead in a snowbank several miles from his residence.  Although Banks is not charged with Davis’s murder, the government has alleged that Banks murdered Davis.  Also, Aron Lee Ethridge, 41, of Henderson, Nevada has been arrested on charges of conspiring to kidnap Davis, and Ethridge is alleged to have communicated with Banks before and after the kidnapping and murder.

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