TechFlow News: On February 3, the U.S. Department of Justice announced the launch of the CLEU Compensation Fund to provide restitution to victims of the investment fraud committed by China Liberal Education Holdings Limited. The case involves seven defendants who, between November 2024 and February 2025, executed a “pump-and-dump” fraud scheme—artificially inflating CLEU’s stock price through false social media promotions and coordinated trading—before selling their shares for millions of dollars in profits, causing severe losses to investors. The U.S. Attorney’s Office for the Northern District of Illinois has successfully seized over $200 million in related assets.
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