ABL DOWN 15%: Block & Leviton Investigating Abacus Global Management Inc. For Possible Securities Fraud; Investors Encouraged to Contact the Firm To Potentially Recover Losses
Abacus LifeAbacus Life(US:ABL) GlobeNewswire News Room·2025-06-04 16:48

Group 1 - Abacus Global Management, Inc. is under investigation for potential securities law violations following a report by Morpheus Research alleging the company is generating fake revenue through aggressive accounting practices [2][4]. - The company's shares fell over 15% in intraday trading on June 4, 2025, due to the allegations of using internal life expectancy estimates that understate insured individuals' lifespans [2]. - The report also highlights undisclosed related-party transactions and significant policy markups exceeding 80% shortly after purchase [2]. Group 2 - Block & Leviton is actively investigating Abacus Global Management and may file an action to recover losses for investors who have been affected [4]. - Investors who have lost money on their Abacus investments are encouraged to contact Block & Leviton for potential recovery options [5]. - The firm is recognized as a leading securities class action firm, having recovered billions for defrauded investors [7].