https://old.reddit.com/r/investingforbeginners/comments/1idost9/how_much_did_you_lose_from_cleu_stock_scam/
The short version is apparently some WhatsApp group was going around and pushing this stock saying you'll get xxx% gains. They pulled the rug on people who lost 5+ figures on this. How fricking dumb are you to put it all in a bullshit Ching Chong no name company.
First red flag - the name of the fricking company. They're "legit" but so is Gary's Snowcones and Food Trucks that registers with the SEC.
Second red flag - WhatsApp group pushing this
Third red flag - any random no name company popping like that is sketchy
I can go on being I work in wealth management but that's boring. This is very face level and there's no need to deep dive into how stupid this was from those three points alone.
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