Core Viewpoint - Robbins LLP has filed a class action on behalf of investors who purchased China Liberal Education Holdings Ltd. (CLEUF) securities between January 22, 2025, and January 30, 2025, alleging involvement in a fraudulent pump-and-dump scheme [1][2]. Allegations - The complaint alleges that China Liberal Education Holdings Ltd. engaged in illegal activities to inflate the value of its public listing by coordinating with scammers to execute a pump-and-dump scheme [2]. - Scammers reportedly used social media platforms like Facebook and Instagram to recruit victims, promoting fake investment clubs associated with celebrities and well-known investors [2]. - Victims were directed to WhatsApp groups where scammers posed as financial advisors, encouraging them to buy manipulated securities, allowing co-conspirators to sell their holdings at inflated prices [2]. Market Impact - The market became aware of the fraudulent activities on January 30, 2025, leading to an immediate collapse in the stock price, which harmed investors by over $300 million [3]. Class Action Participation - Shareholders interested in serving as lead plaintiffs in the class action have until March 31, 2026, to file their papers with the court [4]. - Participation in the case is not required to be eligible for recovery, allowing shareholders to remain absent class members if they choose [4]. Legal Representation - Robbins LLP operates on a contingency fee basis, meaning shareholders incur no fees or expenses for representation [5].
CLEUF Stockholder Alert: Robbins LLP Reminds Investors of the Class Action Lawsuit Against China Liberal Education Holdings Ltd.
Prnewswire·2026-02-03 22:52