Abacus Global Management faces fraud allegations over accounting practices.

• Pomerantz LLP investigating Abacus Global Management for securities fraud. • Report alleges Abacus used questionable life expectancy estimations for profit. • Company's portfolio valuation methodology changed to appear more profitable. • Abacus Global Management's $794 million SPAC faces scrutiny.

Pomerantz LLP, a renowned law firm specializing in corporate, securities, and antitrust class litigation, has initiated an investigation into Abacus Global Management, Inc. (NASDAQ: ABL). The firm is acting on behalf of investors who may have been affected by potential securities fraud or unlawful business practices by Abacus and its officers or directors [1].

The investigation stems from allegations outlined in a report by Morpheus Research, which was released on June 4, 2025. The report accused Abacus of incorporating changes in its portfolio valuation methodology to make the company appear more profitable than it actually is. Additionally, the report alleged that Abacus used questionable methodologies for calculating life expectancy estimates and identified historical "red flags" associated with the company's co-founders [2].

These allegations have led to a significant drop in Abacus's stock price. On June 5, 2025, following the report's release, Abacus's stock fell by $1.64 per share, or 21.47%, to close at $6.00 per share [2].

Investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980, to learn more about the investigation and potential class action [1].

Abacus Global Management, a $794 million SPAC, has been facing scrutiny over its business practices and financial reporting. The firm's strong Q2 2025 earnings, with a 93.4% revenue growth and a 2602.1% net income surge, may have masked underlying issues [3]. However, the recent allegations and the subsequent stock price drop highlight the need for a thorough investigation into the company's financial practices.

The investigation by Pomerantz LLP is a significant development for investors in Abacus Global Management. It underscores the importance of transparency and accountability in corporate financial reporting. As the investigation progresses, investors should closely monitor the developments and consider seeking professional advice to protect their interests.

References:
[1] https://www.marketscreener.com/news/pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-abacus-global-management-inc-ab-ce7c51dfda8df722
[2] https://www.morningstar.com/news/pr-newswire/20250811dc47798/investor-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-abacus-global-management-inc-abl
[3] https://www.ainvest.com/news/abacus-global-2025-q2-earnings-net-income-surges-2602-1-2508/