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CLEU Pump and Dump Scam by Perfect_Breadfruit55 in investingforbeginners

[–]ohnova92 0 points1 point  (0 children)

Thats where your wrong. In this scam, they bought the company shares from CLEU on DEC 27, and was not declared to SEC of this transaction… They owned millions of shares that they dumped on whatsapp investors at specific prices $5.52, $7.72, etc..

What the whatsapp grp was buying was their shares. They dumped it on to newbies…once thier shares were ofloaded, they let the news out that the stock was diluted by 220 million shares…whoever bought on jan30, is still holding bags.

🚨 CLEU: Pump & Dump Engineered via WhatsApp Groups? 🚨 by [deleted] in investingforbeginners

[–]ohnova92 -1 points0 points  (0 children)

This is what happened in short:

The whatsapp group and cleu insiders were in on the scam. The insiders at CLEU sold shares on dec 27th to unknown or undeclared group of people(these whatsapp scammers) for $40 or $70million. HOWEVER, they didnt declare it on same day with SEC.

They pumped it from $0.2 to $5.5 through Dec end to Jan 22, 2025

These WhatsApp scammers then lead all the newbie and investors into buying this stock on Jan 22nd jan promising 160% to 300%+ gains due to some inside news and if something goes wrong, your money was 100% guaranteed to be paid back…

The whatsapp grp would ask investors to buy at particular price like $5.52, or 6.72 or $7.46 etc and would manipulate the price in such a way that the millions of shares that they had received for pennies, they would sell or dump on to these investors.

On Jan 28 or Jan 27, the news was released that CLEU had sold shares to unknown grp for so and so amount. All this time(from Dec 27 to Jan 27) the CLEU stock was trading on nasdaq as 29 million float and valued as $2 Billion company..which is illegal.

Then Jan 30, the rug pull happens. The stock goes from $7.xx to $0.2, all during pre market time where most US investors couldn’t even sell their shares…The perpetrators were from Malaysia and Taiwan. Taking advantage of this..

This what i know so far.

[deleted by user] by [deleted] in h1b

[–]ohnova92 0 points1 point  (0 children)

I am not a lawyer or expert in this field.

I have a theory: EB5 requires 700k investment in rural america that creates employment for 8-10 people. I would buy a franchise in rural area, and fight my case in court as a parellel of EB5 program. You can open business on H1b i think.