In a short report posted to its website, short-seller Aurelius Value said “We are short Paysign and believe the company bears the markings of yet another stock promotion set to end in failure.” Arthur De Joya, who previously settled with the SEC over his alleged role in “a micro-cap scheme involving sham companies created by a banned Canadian stock promoter,” appears to have continued to operate behind the scenes at Paysign, according to the firm.