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Home • Victims • Seeking Victim Information in “Ramp-and-Dump” Investment Fraud Investigation

Seeking Victim Information in “Ramp-and-Dump” Investment Fraud Investigation

Seeking Victim Information in “Ramp-and-Dump” Investment Fraud Investigation

The FBI’s Chicago Division is seeking to identify potential victims of a “ramp-and-dump” investment fraud scheme involving China Liberal Education Holdings Ltd (NASDAQ: CLEU) stock.

In January 2025, individuals allegedly impersonating U.S.-based investment advisors on social media and messaging platforms made false representations and instructed investors to purchase shares of CLEU stock, promising significant returns on their investment. These false representations artificially ramped up the price of CLEU stock. However when the value of CLEU stock dropped dramatically on January 30, 2025, many investors lost nearly all of the funds invested in these shares.

If you were victimized in this “ramp-and-dump” investment fraud scheme, please fill out this short form.

If you know of someone else who was possibly a victim in this scheme, please encourage them to complete the form themselves.

The FBI is legally mandated to identify victims of federal crimes it investigates. Victims may be eligible for certain services, restitution, and rights under federal and/or state law. Your responses are voluntary but may be useful in the federal investigation and to identify you as a potential victim. Based on the responses provided, you may be contacted by the FBI and asked to provide additional information. All identities of victims who respond to this notice will be kept confidential consistent with the Privacy Act of 1974.

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Questionnaire

1. Did you invest in China Liberal Education Holdings Ltd (NASDAQ: CLEU) in January 2025 at the guidance of an individual purporting to be an investment advisor on a social media or messaging platform?


4. Did you lose money when the share price of CLEU dropped on January 30, 2025?


8. Do you have copies of any communications with the investment advisor(s), promotional materials provided by the investment advisor(s), or copies of financial transactions made as part of your investment?


If yes, please send to CGmarketintegrity@fbi.gov

Privacy Act Statement

The FBI is authorized to collect the information on this form by one or more of the following provisions: Title 28, United States Code, sections 533 and 534; Title 28, Code of Federal Regulations, section 0.85; and the Attorney General Guidelines for Victim and Witness Assistance. The information requested will assist the FBI in providing you with assistance to which crime victims are entitled under federal law. You do not have to provide the requested information; however, failure to do so may hinder the FBI in providing you with crime victim assistance. The information collected on this form is protected by the Privacy Act of 1974, as amended, Title 5, United States Code section 552a, and is maintained in the FBI’s Central Records System, DOJ/FBI-002, a description of which was published in the Federal Register at 63 Fed. Reg. 8671 (Feb. 20, 1998) and which may be viewed at www.justice.gov/opcl/doj-systems-records#doj