China Liberal Education Holdings Ltd (CLEU)

[Renee]

CLEU: Seven People Indicted for Allegedly Posing as Advisors in Multimillion-Dollar Fraud

Courtesy 1manband:

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=176000521

The FBI is trying to determine the identities of hundreds of victims who were allegedly tricked by scammers in China posing as investment advisors on social media in a high-stakes pump-and-dump scheme.

The Justice Department announced earlier this month that it had seized about $214 million in proceeds from the alleged fraud. The DOJ is asking a court to have the money forfeited to the U.S., at which point it could be returned to the investors who fell victim to the scam.

Posing as advisors, the perpetrators of the alleged scam aggressively promoted investments in a company based in the Cayman Islands called Chinese Liberal Education Holdings, or CLEU, that trades on the Nasdaq Composite exchange in the U.S., according to prosecutors.

The scammers “made false representations and instructed investors to purchase shares of CLEU stock, promising significant returns on their investment,” the FBI says in a notice directing potential victims to a form they can submit documenting their experience.

The defendants’ promotion of the stock on social media and messaging platforms allegedly helped drive the share price artificially higher, “at which point the defendants sold thousands of shares and made millions of dollars in profits,” according to the Justice Department, which has charged seven individuals with wire fraud and securities fraud.

The defendants, described in the indictment as residents of Taiwan or Malaysia, aren’t in U.S. custody, but warrants have been issued for their arrest. Court records don’t indicate that any defendant has retained a lawyer in the matter.

The alleged scheme fits with a pattern of malicious activity on social media that has caught the attention of U.S. regulators and consumer advocates. In September, the Securities and Exchange Commission’s Office of Investor Education and Advocacy issued an alert warning of scams involving stock tips promoted through social media.

Among the red flags included in that bulletin were promises of “high investment returns with little or no risk.” The alert also warned about strangers claiming to be renowned investment professionals or employees of a registered investment advisor or a broker. The latest scheme appears to fit within that description.

The DOJ says that the seven individuals, pretending to be U.S.-based investment advisors, “engaged in misleading promotion and coordinated trading” of shares of CLEU stock, which purportedly provided educational services in China.

During the relevant period, there was a sizable increase in the number of CLEU shares issued. That wasn’t publicly disclosed until after the defendants had allegedly received millions of shares directly from the company.

CLEU didn’t immediately respond to a request for comment.

When the company accounted for the accurate number of shares outstanding—including those sold by the defendants—in an SEC filing at the end of January, CLEU’s share price fell about 99%. Those losses affected around 600 U.S. investors and others globally, according to the indictment.

Before that announcement, the defendants had each sold between 3.7 million and 9.3 million shares of the stock, the Justice Department says.

[Koog]

Seven People Indicted for Allegedly Posing as Advisors in Multimillion-Dollar Fraud

The FBI is trying to determine the identities of hundreds of victims who were allegedly tricked by scammers in China posing as investment advisors on social media in a high-stakes pump-and-dump scheme.

The Justice Department announced earlier this month that it had seized about $214 million in proceeds from the alleged fraud. The DOJ is asking a court to have the money forfeited to the U.S., at which point it could be returned to the investors who fell victim to the scam.

Posing as advisors, the perpetrators of the alleged scam aggressively promoted investments in a company based in the Cayman Islands called Chinese Liberal Education Holdings, or CLEU, that trades on the Nasdaq Composite exchange in the U.S., according to prosecutors.

The scammers “made false representations and instructed investors to purchase shares of CLEU stock, promising significant returns on their investment,” the FBI says in a notice directing potential victims to a form they can submit documenting their experience.

The defendants’ promotion of the stock on social media and messaging platforms allegedly helped drive the share price artificially higher, “at which point the defendants sold thousands of shares and made millions of dollars in profits,” according to the Justice Department, which has charged seven individuals with wire fraud and securities fraud.

The defendants, described in the indictment as residents of Taiwan or Malaysia, aren’t in U.S. custody, but warrants have been issued for their arrest. Court records don’t indicate that any defendant has retained a lawyer in the matter.

The alleged scheme fits with a pattern of malicious activity on social media that has caught the attention of U.S. regulators and consumer advocates. In September, the Securities and Exchange Commission’s Office of Investor Education and Advocacy issued an alert warning of scams involving stock tips promoted through social media.

Among the red flags included in that bulletin were promises of “high investment returns with little or no risk.” The alert also warned about strangers claiming to be renowned investment professionals or employees of a registered investment advisor or a broker. The latest scheme appears to fit within that description.

The DOJ says that the seven individuals, pretending to be U.S.-based investment advisors, “engaged in misleading promotion and coordinated trading” of shares of CLEU stock, which purportedly provided educational services in China.

During the relevant period, there was a sizable increase in the number of CLEU shares issued. That wasn’t publicly disclosed until after the defendants had allegedly received millions of shares directly from the company.

CLEU didn’t immediately respond to a request for comment.

When the company accounted for the accurate number of shares outstanding—including those sold by the defendants—in an SEC filing at the end of January, CLEU’s share price fell about 99%. Those losses affected around 600 U.S. investors and others globally, according to the indictment.

Before that announcement, the defendants had each sold between 3.7 million and 9.3 million shares of the stock, the Justice Department says.

https://www.msn.com/en-us/money/markets/seven-people-indicted-for-allegedly-posing-as-advisors-in-multimillion-dollar-fraud/ar-AA1BZJdF

[TrendTrade2016]

CLEU...POST SPLIT BEAST

[David bond]

You can now buy shares in Charles schwab you have to call it in or buy through live chat

[David bond]

You can now buy shares in Charles schwab you have to call it in or buy through live chat

[subslover]

Hmmmm. Yeah maybe. Here is why = As an ordinary resolution, that every 80 ordinary shares of a par value of US$0.225 each in the authorised share capital of the Company (including issued and unissued share capital) be consolidated into 1 ordinary share of a par value of US$18.0 each, with such Share Consolidation to be effective on any date prior to April 30, 2025 as determined by the Board of Directors of the Company (the “Effective Date”); and the Effective Date when determined by the Board of Directors of the Company shall be announced by the Company. In the event that no Effective Date has been determined by the Board of Directors of the Company, the share capital of the Company shall remain unchanged unless otherwise resolved by the shareholders of the Company; and the authority granted to the Board of Directors of the Company by the shareholders will terminate and no Share Consolidation will be implemented (the “Share Consolidation”)

[Zardiw]

Least Trump gonna end the ukraine war........and get rid of foreign invader gangsters........something biden and the libtards couldn't do apparently......

Z

[The Night Stalker]

maybe

[wickerman]

$CLEU another R/S 1:80 hope you exited this scam.

https://www.sec.gov/Archives/edgar/data/1775085/000147793225000769/cleu_ex991.htm

[Hassan N]

I lost 25k in CLEU. My average cost if $5.98. I am thinking of purchasing for another 1k to bring average cost to 1.78$ and forget about it for 1-2 years...any thoughts? suggestions?

[Timing101]

$CLEU look at the FACTS here. Dropped on the first day of the National Chinese New Year which runs officially from 1/29- 2/4 (today).
The conversion price filing was well above current Price, easy to read and this has already flushed out in the past week.
https://www.sec.gov/Archives/edgar/data/1775085/000147793225000446/cleu_6k.htm
-
It has been shorted to 50-60% on all Short reports and they have to cover evenutally. EASY to see on FINRA report. (Hit filter, by symbol, put in symbol and apply filter) https://www.finra.org/finra-data/browse-catalog/short-sale-volume-data
-
How many people have been off celebrating this past week. ONLY 25% of the WORLD POPULATION. Look for activity and China will do exactly like Canada and Mexico on the Tariff situation , compromise.
Quote " It is a festival for 1/4 of the world's population. Over 2 billion people celebrate Chinese New Year in some way"

[Zardiw]

$CLEU: #DDAmanda Ai Summary:

Sentiment Summary for $CLEU ($China Liberal Education Holdings Ltd):

StockTwits.com:
Positive Sentiment: 25%
Negative Sentiment: 75%

Public Posts on X:
Positive Sentiment: 20%
Negative Sentiment: 80%

StockTwits.com Posts:
@TerpsTrader1
: "$CLEU trending on
@Stocktwits
organically. Both most active and new watchers. At 4am this will go wild hopefully. Grabbed traders from $bhat and $cyn due to bad pr out. $7 to .13 today. Big bounce?"
@AceOfWallSt
: "$CLEU huge drop, then 26% bounce so far. Intraday gap possibly +97%, if it fills. Sub $1 always high risk."
@IncredibleTrade
: "It’s China so you can't really trust their numbers ... learned that the hard way! Traders seem more focused on the technicals than the fundamentals. If they stay listed a solid rubber band effect could push $CLEU back over $0.50."

Significant Price Movement:
Recent Significant Drop:
@ACInvestorBlog
: "$CLEU insane -97% on no news and 140M shares traded (float 22M) a press release now would be interesting."
@stockplaymaker1
: "$CLEU IS DOWN 97% ; NEEDS TO BREAK .26+ AND WE SEE SOME FIRE WORKS LATER"
@Alertzzzz
: "$CLEU - you see what is going on at $TCTM 👀 same thing will happen here 🔜 IMO .18-$1.10. today. load $CLEU up under .20 - over $425 Million shares traded the last two days at CLEU"

These posts indicate a significant drop in the stock price of CLEU, with some users speculating on potential bounce backs or further drops without providing any specific news or fundamental reasons for the movement. The sentiment is largely negative, reflecting concern over the stock's volatility and trust issues related to Chinese stocks.

Z

[green maschine]

Well he did say he'd be a dictator on day one and he sure is behaving like one with his very real desire to take Greenland and the Panama Canal and Canada, no really. And he's still dictating all sorts of executive orders.

[glenn1919]

CLEU.............................................................................................................https://stockcharts.com/h-sc/ui?s=cleu&p=W&b=5&g=0&id=p86431144783

[Invest-in-America]

CLEU: Wooooooops!! (Boy, they fell right OFF Wall Street, yesterday!!! And I ain't got a 'CLEU' as to why!!! No pun intended.)

[tw0122]

.20 + 30% Yes masterful dump but .225 was the dump Warrants target and they did do proper filings. Worth .26-.40 at best. Do have 80m cash no debt as of last filing but lots of shares again

[Invest-in-America]

Very well-stated, Homeboy!!! (Sad tragedy, all around.)

[TrendTrade2016]

NO THEY DON'T....THEY JUST THINK THEY ARE COOL RUNNING A COUNTRY, AND HAVING THAT MUCH POWER. TRUMP THINKS HE'S A GANGSTER, NOT A DICTATOR, AND ELON, HES JUST A ODDBALL SMART GUY, HE THINKS HES COOL, THATS ABOUT IT. TERRIBLE ACCIDENT AND TRUMP WANTS TO BLAME PEOPLE, IT WAS A TERRIBLE MISTAKE ON THE HELICOPTER's . PILOT..... DID NOT SEE THAT PLANE....HE HAD THE PLANE BEHIND HIM IN SIGHT TO CROSS, NOT THE ONE IN FRONT....THE TOWER ASKED HIM TWICe...not sure how biden and obama are involved...smh

[Invest-in-America]

No survivors --- many Pro Ice Skaters, coaches, etc., dead. (And Clown Trump exploits the disaster for POLITICAL purposes, just like he did with the Calif. fire storms!!! (See END of link, below, for Trump's comments.) My main point here??? I wish it was "AIR FORCE-1" that went down --- with Trump, Vance, & all of the highest-ranking Re-Trumplican-Party, wanna-be-Dictators, on board!!!)

[Invest-in-America]

No survivors --- many Pro Ice Skaters, coaches, etc., dead. (And Clown Trump exploits the disaster for POLITICAL purposes, just like he did with the Calif. fire storms!!! (See END of link, below, for Trump's comments.) My main point here??? I wish it was "AIR FORCE-1" that went down --- with Trump, Vance, & all of the highest-ranking Re-Trumplican-Party, wanna-be-Dictators, on board!!!)

[wickerman]

$CLEU .13 lows halted again at .15 worth .0001

[Dumb&dumber4long]

No,
Up to date cash is unknown.
Based on 5 months ago, September 30, 2024, it was $84.15
New share count is at least 270 millions
Do the math, for 5 months ago
The latest EPS was -0.539, on 24.9 million shares.
Assuming the same loss for current quarter
84.15-0.539x24.9 =70.729
Meaning 0.26!
But cash on hand with no profitable plan in sight!
Tread carefully.
Not bullish, not bearish.
Don’t care to catch a falling knife.
Good luck to you.
I do not own any shares in CLEU

[Dumb&dumber4long]

No,
Up to date cash is unknown.
Based on 5 months ago, September 30, 2024, it was $84.15
New share count is at least 270 millions
Do the math, for 5 months ago
The latest EPS was -0.539, on 24.9 million shares.
Assuming the same loss for current quarter
84.15-0.539x24.9 =70.729
Meaning 0.26!
But cash on hand with no profitable plan in sight!
Tread carefully.
Not bullish, not bearish.
Don’t care to catch a falling knife.
Good luck to you.
I do not own any shares in CLEU

[tw0122]

So they worth minimum .40 share with cash on hand once you divide new float...give or take . Time to move on to next plays  Financial Condition

[ExplorerOgre18]

Pump and dump scam. Dumped Jan 30 th.

[Dumb&dumber4long]

The .60 exercise price is not a good gauge.
Before last 1 for 15 RS, float was 277.25 million shares,
With this recent exercise the float will be back up to 269.25 millions!
Factor in what we know now about performance & future earnings potential, why would you want to get in @ .19/share.
Other than hoping!
Hope is not a good investment strategy.
The day trade thrill!
There are better prospects elsewhere.

[Mojocash]

Chinese Hustle in full effect.

[Stockster]

Oh its getting banned like tik tok.

[subslover]

Yes, I feel for what it's worth you did ok without harm. This stock made my gambling-compulsive disorder more like a game of craps at the Casino. lol, I'm holding and hope to get a nice price to dump! 😇

[tw0122]

Did my best to average down made money on the other flips. Averaged down to .25 on this flip and if exercise at .60 should be fine if not take a little loss no biggie 

[wickerman]

Lol he'll say adding at .19 like he was at $1.19 premarket.
I've been warning people to stay away from this toxic dilution scam for many years.

[subslover]

My compulsive disorder made me double down at .195 so will see if it plays out or goes down with the Titanic!😴

[Dumb&dumber4long]

Don’t catch a falling knife.
I am sure too many are not skilled enough to know any better.
Wait for it, wait until it hits the floor, bounce a bit.
It doesn’t matter the price insiders are paying.

[TrendTrade2016]

YOU DON'T TRADE SHIT FAKE TRADER BOY...GO BACK TO WORK!!

[subslover]

I hope that doesn't happen. I'm now looking at a game of Russian Roulette here. It's my turn with the gun🫨

[subslover]

.21 and HALTED below insider price.

[ErnieBilco]

Schwab won't allow any buying

[subslover]

Remember that insiders have these at .225 so I'm getting itchy to buy a block!

[tw0122]

Probably Last add fully loaded .23s now  for last flip. Think done about 5 flips .
Have an order at .22 remaining 

[TrendTrade2016]

FAKE TRADERS LIKE YOURSELF WILL ALWAYS LOOK LIKE A CLOWN....PRE MARKET FAKE DAYTRADING!

[wickerman]

$CLEU sure is. Now fetching .23 I wouldn't be surprised if they get T12'd and delisted to the pinks/greys.

[subslover]

A WhatsApp scam

[Stockster]

What caused the dip??

[subslover]

In some at .36🤒

[subslover]

I may join my friend TW here

[subslover]

She got halted @ .44 or 100% above where insiders are buying. Great time for them to pump her! 🤕

[power11]

REMEMBER THE MARKET ALWAYS OVERSHOOT !!

[tw0122]

Nice research didn't even look at Edgar 
in I guess one more time at .46
For another flip above .22 they make cash $$$ lol.
Like you said it's not like they didn't do a filing

[subslover]

5 to 10 cents is well below what the insiders paid. 😁

[power11]

OK MAYBE NOT FULL BK.........BUT THIS STOCK IS GOING TO 5-10 CENTS RANGE IMO.