Reported about 8 hours ago
Obscure Chinese stock scams have defrauded thousands of American investors, with cases like that of Braden Lindstrom, who lost $80,000 after being misled into investing in the company Jayud Global Logistics. These scams often involve social media promotions and manipulate the prices of small Chinese companies listed on U.S. exchanges. The Justice Department is now focusing on these fraudulent activities, which have become an ongoing concern for regulators, especially as many investors fall prey to misleading advertisements.
Source: YAHOO