LilMikeSF<p>London <a href="https://c.im/tags/FT" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>FT</span></a> reports on investors that lost billions on <a href="https://c.im/tags/PumpAndDump" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>PumpAndDump</span></a> stock scheme that inflated values of little known traded entities of small US-listed <a href="https://c.im/tags/ChineseStocks" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>ChineseStocks</span></a> that plunged in value shortly after being heavily <a href="https://c.im/tags/hyped" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>hyped</span></a> on hyper <a href="https://c.im/tags/capitalist" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>capitalist</span></a> social media accounts. </p><p><a href="https://c.im/tags/Geolocation" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Geolocation</span></a> metadata suggests that key market movers were based out of <a href="https://c.im/tags/Russia" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Russia</span></a> and <a href="https://c.im/tags/Iran" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Iran</span></a>, — " a trend <a href="https://c.im/tags/InvestorLink" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>InvestorLink</span></a> has identified in other pump and dumps, some of which are more extreme than others."</p><p>By June 17, shares of a tiny Chinese herbal medicine holding company <a href="https://c.im/tags/Regencell" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Regencell</span></a> <a href="https://c.im/tags/Bioscience" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Bioscience</span></a> — which reported a net loss of $4.4mn in 2024 — were up almost 60,000%, giving the company a market value of about $38bn, more than US based Jefferies investment banking group and US based Walgreens combined.</p><p>The <a href="https://c.im/tags/Regencell" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Regencell</span></a> stock has since fallen 83%. There is no suggestion or unveiled evidence proving biz insiders were directly involved in its share price moves, and Sino based <a href="https://c.im/tags/Biosciences" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Biosciences</span></a> company has not responded to requests for comment on US market share moves as $33 Billion in value disappeared last month..</p><p><a href="https://www.ft.com/content/38c9815b-8ccc-40d5-bcbf-cfdb8b73ffa6" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">ft.com/content/38c9815b-8ccc-4</span><span class="invisible">0d5-bcbf-cfdb8b73ffa6</span></a> <a href="https://c.im/tags/BuyerBeware" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>BuyerBeware</span></a> <a href="https://c.im/tags/WallSt" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>WallSt</span></a> <a href="https://c.im/tags/StockTrades" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>StockTrades</span></a> <a href="https://c.im/tags/MarketMovers" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>MarketMovers</span></a></p>