NEW YORK, NY / ACCESSWIRE / May 6, 2022 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Singularity Future Technology Ltd.(“Singularity” or the “Company) SGLY. Investors who purchased Singularity securities are encouraged to obtain additional information and assist the investigation by visiting the firm’s site: www.bgandg.com/sgly.
The investigation concerns whether Singularity and certain of its officers and/or directors have violated federal securities laws.
On May 5, 2022, Hindenburg Research (“Hindenburg”) published a report entitled “Singularity Future Technology: This Nasdaq-Listed Company’s CEO Is A Fugitive, On The Run For Allegedly Operating A Massive Ponzi Scheme.” The Hindenburg report alleged, among other things, that “Singularity’s CEO, Yang Jie, is a fugitive on the run from Chinese authorities for working an alleged $300 million Ponzi scheme that lured in over 20,000 victims” and “fled to the U.S. whereas at the least 28 different people concerned within the case had been sentenced to jail phrases starting from 6 months to fifteen years.” The Hindenburg report further alleged that “Singularity’s large [cryptocurrency] mining rig deal seems to be a brazen undisclosed associated occasion deal” and that “[w]e see little proof that Singularity’s ‘proprietary’ crypto mining rigs ever existed within the first place. The images and descriptions of Singularity’s miners match exactly with one other model known as KOI Miner.” On this news, Singularity’s stock price fell $1.95 per share, or 28.89%, to close at $4.80 per share on May 5, 2022.
If you are aware of any facts relating to this investigation or purchased Singularity shares, you can assist this investigation by visiting the firm’s site: www.bgandg.com/sgly. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Nathanson
212-697-6484 | firstname.lastname@example.org
SOURCE: Bronstein, Gewirtz & Grossman, LLC
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