Fintech investor sues, claiming CEO inflated stocks.

January 17, 2024
1 min read

A fintech investor has filed a proposed class action lawsuit against Future FinTech Group Inc. and its executives, alleging that they orchestrated a stock price inflation scheme. The investor claims that the CEO of the blockchain-based financial services company coordinated the scheme, which involved misleading shareholders and artificially inflating the stock price. The U.S. Securities and Exchange Commission recently accused the CEO of these actions. The lawsuit seeks to represent fellow shareholders who were allegedly duped by the scheme.

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