A securities class action has been filed against China Liberal Education Holdings Ltd. (CLEUF) on behalf of all persons or entities who purchased China Liberal between 01/22/2025 through 01/30/2026. This case has been filed in the USDC – SDNY.
The complaint alleges in January 2025, individuals impersonating investment advisors on social media apps fraudulently influenced investors to purchase shares of CLEU stock, artificially “pumping” the price of CLEU stock. On January 30, 2025, the stock price suddenly plummeted, causing many investors to lose nearly all of the funds they had invested in these shares. Many of the individuals responsible for this coordinated pump and dump scheme are currently being prosecuted by the United States Department of Justice. However, there is evidence that executives at China Liberal may have known of, participated in, or been severely reckless with respect to the fraudulent scheme.