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News  ›  GlobeNewswire Inc.

ABX Investors Have Opportunity to Join Abacus Global Management, Inc. Fraud Investigation with the Schall Law Firm

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Schall Law Firm
ABX Investors Have Opportunity to Join Abacus Global Management, Inc. Fraud Investigation with the Schall Law Firm

The Schall Law Firm is investigating Abacus Global Management, Inc. (NYSE: ABX) for potential securities violations following a Morpheus Research report alleging the company manipulated portfolio valuation methodology and used questionable life expectancy calculation methods to inflate profitability. The firm is seeking shareholders who suffered losses to participate in the investigation.

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ABX   negative

The company is under investigation for issuing false/misleading statements, manipulating valuation methodologies to appear more profitable, using questionable life expectancy estimates, and co-founders have documented red flags. These allegations suggest serious accounting fraud and investor deception.