Pump - and - dump scheme
Search documents
OST INVESTOR NOTICE: Morris Kandinov LLP Announces Securities Class Action Involving OSTIN TECHNOLOGY GROUP CO., LTD. And The Deadline For Lead Plaintiff Applications
TMX Newsfile· 2026-02-16 23:27
Core Viewpoint - The law firm Morris Kandinov LLP has announced a class action lawsuit against Ostin Technology Group Co., Ltd. for alleged securities fraud during a specific class period, with potential losses exceeding $950 million [1][2]. Group 1: Lawsuit Details - The class action lawsuit, titled Ilay Gordon, et al. v. Ostin Technology Group Co., Ltd., was filed in the Southern District of New York, and it involves allegations against certain officers and directors of the company for violations of the Securities Exchange Act of 1934 [1][3]. - The lawsuit claims that the defendants orchestrated a "pump-and-dump" scheme, which is a fraudulent practice that inflates the price of a stock to sell at a profit, ultimately defrauding investors [2]. Group 2: Investor Participation - Investors who purchased or acquired common stock of Ostin Technology Group between May 11, 2025, and June 26, 2025, can seek appointment as lead plaintiff in the lawsuit, with a deadline set for April 17, 2026 [1][3]. - It is noted that investors are not required to be appointed as lead plaintiffs to participate in any potential recovery from the lawsuit [3].
Portnoy Law Firm Announces Class Action on Behalf of China Liberal Education Holdings Limited Investors
Globenewswire· 2026-02-12 17:32
LOS ANGELES, Feb. 12, 2026 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises China Liberal Education Holdings Limited, (“China Liberal” or the "Company") (OTCMKTS: CLEUF) investors of a class action on behalf of investors that bought securities between January 22, 2025 and January 30, 2025, inclusive (the “Class Period”). China Liberal investors have until March 31, 2026 to file a lead plaintiff motion. Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: lesley@por ...
POM Stockholder Alert: Robbins LLP Reminds Investors of the Class Action Against POMDoctor Ltd.
Prnewswire· 2026-02-11 01:35
POM Stockholder Alert: Robbins LLP Reminds Investors of the Class Action Against POMDoctor Ltd. [Accessibility Statement] Skip NavigationSAN DIEGO, Feb. 10, 2026 /PRNewswire/ -- [Robbins LLP] reminds stockholders that a class action was filed on behalf of all investors who purchased or otherwise acquired POMDoctor, Ltd. (NASDAQ: POM) securities between October 9, 2025 and December 11, 2025. POMDoctor claims to be "a leading online medical services platform for chronic diseases in China."For more information ...
Shareholders who lost money in shares of China Liberal Education Holdings Ltd. (OTCMKTS: CLEUF) Should Contact Wolf Haldenstein Immediately
Globenewswire· 2026-02-09 19:55
NEW YORK, Feb. 09, 2026 (GLOBE NEWSWIRE) -- Wolf Haldenstein Adler Freeman & Herz LLP announces that a class action lawsuit has been filed against China Liberal Education Holdings Ltd. (OTCMKTS:CLEUF) (“China Liberal” or the “Company”)inclusive on behalf of all persons and entities that purchased or otherwise acquired China Liberal securities between January 22, 2025 and January 30, 2025, both dates inclusive (the "Class Period"). Investors have until March 31, 2026, to seek appointments as lead plaintiff. ...
DOJ Works to Compensate Victims of $214M Pump-and-Dump Scam
Yahoo Finance· 2026-02-06 17:39
Core Viewpoint - The Justice Department is working to compensate victims of a $214 million investment fraud involving impersonation of U.S.-based financial advisors to deceive investors [1] Group 1: Fraud Scheme Details - Seven individuals executed a "pump-and-dump" scheme, falsely promising significant returns from investments in Chinese Liberation Education Holdings (CLEU), which claimed to provide educational services in China and was incorporated in the Cayman Islands [2] - The fraudsters, based in Malaysia and Taiwan, posed as U.S.-based investment advisors on social media, claiming to operate from locations like Chicago [4] - The defendants began soliciting investments in CLEU stock in January 2025, failing to disclose that they had received shares directly from the company prior to its public listing on Nasdaq [5] Group 2: Impact on Investors - The misleading promotion led to a significant increase in CLEU's stock price after its public offering, allowing the schemers to sell their shares and profit substantially [6] - Following the public listing, CLEU's SEC filing revealed the actual number of outstanding shares, causing the stock price to plummet by approximately 99%, resulting in substantial losses for investors [7] Group 3: Recovery Efforts - The U.S. Attorney's Office successfully obtained forfeiture of about $214 million in proceeds from the fraudulent scheme, with funds now ready to be distributed to victims [8]
CHINA LIBERAL ALERT: Bragar Eagel & Squire, P.C. Announces that a Class Action Lawsuit Has Been Filed Against China Liberal Education Holdings Ltd.
Globenewswire· 2026-02-04 19:59
Bragar Eagel & Squire, P.C. Litigation Partner Brandon Walker Encourages Investors Who Suffered Losses In China Liberal (CLEUF) To Contact Him Directly To Discuss Their Options If you purchased or acquired CLEU Shares between January 22 and January 30, 2025 and would like to discuss your legal rights, call Bragar Eagel & Squire partner Brandon Walker or Melissa Forunato directly at (212) 355-4648. Click here to participate in the action. NEW YORK, Feb. 04, 2026 (GLOBE NEWSWIRE) -- What’s Happening: Bragar ...
CLEUF Stockholder Alert: Robbins LLP Reminds Investors of the Class Action Lawsuit Against China Liberal Education Holdings Ltd.
Prnewswire· 2026-02-03 22:52
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].
DEADLINE NEXT WEEK: Berger Montague Advises Jayud Global Logistics (NASDAQ: JYD) Investors to Contact the Firm Before January 20, 2026
Globenewswire· 2026-01-16 13:47
Core Viewpoint - A class action lawsuit has been filed against Jayud Global Logistics Limited for allegedly engaging in a fraudulent "pump-and-dump" scheme that led to significant stock price manipulation and investor losses during the specified Class Period [1][3]. Company Overview - Jayud Global Logistics Limited, headquartered in Shenzhen, China, provides global cross-border supply chain solutions, including freight forwarding, supply chain management, customs brokerage, and logistics IT systems [2]. Stock Performance and Allegations - During the Class Period from April 21, 2023, to April 30, 2025, Jayud's stock price surged from approximately $1.00 per share to an all-time high near $8.00, despite a lack of fundamental business news [3]. - The complaint alleges that this price increase was artificially driven by insiders or affiliates coordinating share dumping through offshore or nominee accounts, culminating in a stock collapse of about 95% on April 2, 2025 [3].
Berger Montague Reminds Jayud Global Logistics Limited (JYD) Investors with Substantial Losses to Inquire About a Securities Fraud Class Action by January 20, 2026
TMX Newsfile· 2026-01-15 17:36
Core Viewpoint - A class action lawsuit has been filed against Jayud Global Logistics Limited for alleged securities fraud during the period from April 21, 2023, to April 30, 2025, following a significant stock price manipulation incident [1][3]. Company Overview - Jayud Global Logistics Limited, headquartered in Shenzhen, China, offers end-to-end supply chain solutions, including freight forwarding, supply chain management, customs brokerage, and intelligent logistics IT systems [2]. Legal Allegations - The lawsuit claims that Jayud's stock price surged from approximately $1.00 to $8.00 per share in early 2025 due to a "pump-and-dump" scheme orchestrated by insiders or affiliates, leading to a subsequent collapse of about 95% on April 2, 2025, resulting in substantial investor losses [3].
Robbins LLP Reminds Jayud Global Logistics Limited Stockholders About the January 20, 2026 Lead Plaintiff Deadline in the JYD Class Action – Contact the firm today for information about your rights
Globenewswire· 2026-01-14 19:28
Core Viewpoint - Jayud Global Logistics Limited is facing a class action lawsuit due to allegations of engaging in a fraudulent stock promotion scheme during the class period from April 21, 2023, to April 30, 2025 [2]. Allegations - The complaint states that Jayud failed to disclose involvement in a fraudulent stock promotion scheme that utilized social media misinformation and impersonated financial professionals [3]. - Insiders and/or affiliates allegedly used offshore or nominee accounts to facilitate the coordinated dumping of shares during a price inflation campaign [3]. - Jayud's public statements and risk disclosures reportedly omitted any mention of false rumors and artificial trading activity that influenced the stock price [3]. Stock Price Movement - In the weeks leading up to April 2025, Jayud's share price increased from approximately $1.00 to an all-time high of around $8.00 per share, despite a lack of fundamental news to justify this surge [4]. - Investigations revealed that Jayud was involved in a "pump-and-dump" promotion scheme, where impersonators promoted the company in online forums and social media with sensational but unfounded claims [4].