Scam Case Studies: Real Stories Behind CLEU Stock Scams
In this section, we dive into detailed stories of those impacted by CLEU stock scams. Understand the methods used by scammers and find expert tips on spotting and avoiding these schemes. Real examples help you gain insight and stay informed.
Below is the start of research I've done on CLEU. Maybe a little unorganized at this time.
This is research I’ve done after losing my life savings in a stock scam on WhatsApp using CLEU stock.
CLEU: China Liberal Education Holdings Ltd
PGHL: Primega Group Holdings Ltd
TOPS: Top Ships Inc. (lots of reverse splits)
MULN:
Another user on finance.yahoo.com complained about losing 600k on this scam and another scam on PGHL stock. I tried to find connections between the two stocks and found that “Holders” had 1 company in common:
(India company) SBI Securities Co., Ltd. (https://www.sbisecurities.in)
This India company does not seem to be the one listed. A Japan company seems to be the one.
Board of Directors (India):
Ashwini Kumar Tewari / Chairman and Nominee Director
Shri Virendra Bansal / Nominee Director
Richard Mendonca / Independent Director
Dr. Gitika Kapoor / Independent Director
Sharad Sharma / Director
D.P. Singh / Director
Shesh Ram Verma / Nominee Director
Debangshu Munshi / Nominee Director
Shri Suresh Patel / Director
Deepak Kumar Lalla / Managing Director and CEO
Sushanta Kumar Das / CFO and Whole time Director
SBI Management team(India):
Deepak Kumar Lalla / Managing Director and CEO
Sushanta Kumar Das / CFO and whole time Director
Suresh Shukla / Chief Business Officer
(Japan company) SBI Securities Co., Ltd.
CLEU management team:
Ngai Ngai Lam: Chairperson of the Board and CEO
Kian Nig Chung: Co-CEO
Wenhuai Zhuang: CFO
CLEU Board of Directors:
Ngai Ngai Lam: Chairperson of the Board and CEO
Fangzhong Sun: Director
Ngo Yin Tsang: Independent Director / Audit Committee
Wandong Chen: Independent Director / Audit Committee
Xiaonan Liu: Independent Director / Audit Committee / Audit Committee chairman and financial expert
PGHL Top Institutional Holders
FNY Investment Advisers, LLC (200 shares as of Dec 31, 2024)
SBI Securities Co., Ltd. (63 shares as of Dec 31, 2024)
CLEU Top Institutional Holders
HRT Financial LP (6.1K shares as of Sep 30, 2024)
Two Sigma Investments, LP (2.83k shares as of Sep 30, 2024)
Two Sigma securities, LLC (2.04k shares as of Sep 30, 2024)
Xtx Topco Ltd (1.56k shares as of Sep 30, 2024)
Tower Research Capital LLC (TRC) (23 shares as of Sep 30, 2024)
SBI Securities Co., Ltd. (125 shares as of Dec 31, 2024)
JYD Top Institutional Holders
HOHIMER WEALH MANAGEMENT, LLC (28k shares as of Sep 30, 2024)
Xtx Topco Ltd (10.1k shares as of Sep 30, 2024)
Osaic Holdings Inc (1k shares as of Dec 31, 2024)
UBS Group AG (394 shares as of Sep 30, 2024)
TOPS Top Institutional Holders
Dimensional Fund Advisors LP (16.67k shares as of Sep 30, 2024)
Cetera Investment Advisers (14.85k shares as of Sep 20, 2024)
UBS Group AG (5.14k shares as of Sep 30, 2024)
Morgan Stanley (3.9k shares as of Sep 30, 2024)
Federation Des Caisses Desjardins Du Quebec (1.42k shares as of Sep 30, 2024)
Oarsman Capital, Inc. (1k shares as of Sep 30, 2024)
Tower research Capital LLC (TRC) (447 shares as of Sep 30, 2024)
JP Morgan Chase & Company (81 shares as of Sep 30, 2024)
SBI Securities Co., Ltd. (2 shares as of Dec 31, 2024)
Principal executive offices located in:
CLEI: China (128) and Cayman Islands (2)
PGHL: Hong Kong
JYD: China, Hong Kong, New York, California, and many more in US, UK
TOPS:
MULN:
Watch Out For These Warning Signs
Recognizing stock scam signs can prevent big losses. Here, we discuss common scam tactics like unrealistic promises and pushy sales tricks. Stay knowledgeable about these issues to safeguard your investments.
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