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Abacus Global Management investigated for accounting fraud and misrepresentation.
ByAinvest
Tuesday, Aug 5, 2025 10:10 am ET1min read
• Abacus Global Management under investigation for potential securities fraud • Morpheus Research report alleges fake revenue through portfolio valuation methodology • Life expectancy estimation methodologies questioned • Investigation ongoing by Pomerantz LLP for affected investors
Abacus Global Management, Inc. (NASDAQ: ABL) is currently under investigation for potential securities fraud, according to a recent announcement by Pomerantz LLP. The firm is advising investors to contact Danielle Peyton at 646-581-9980, ext. 7980, for more information about the investigation [1].The investigation stems from a report by Morpheus Research, published on June 4, 2025, which alleged that Abacus manipulated its portfolio valuation methodology to make the company appear more profitable than it actually is. The report also questioned the company's methodologies for calculating life expectancy estimates and identified historical "red flags" associated with Abacus's co-founders [2].
Following the report, Abacus's stock price fell significantly. On June 5, 2025, the stock price dropped by $1.64 per share, or 21.47%, closing at $6.00 per share [1]. This decline underscores the impact of the allegations on investor confidence.
Pomerantz LLP, a renowned firm in securities class litigation, is leading the investigation. The firm has a history of recovering multimillion-dollar damages on behalf of class members and is known for its expertise in corporate, securities, and antitrust class litigation [1].
Investors affected by the alleged fraud are encouraged to participate in the investigation and potentially recover their losses. Pomerantz LLP continues to fight for the rights of victims of securities fraud and corporate misconduct.
References:
[1] https://www.prnewswire.com/news-releases/investor-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-abacus-global-management-inc--abl-302516954.html
[2] https://www.morningstar.com/news/business-wire/20250731219725/securities-fraud-investigation-into-novo-nordisk-as-nvo-continues-investors-who-lost-money-urged-to-contact-glancy-prongay-murray-llp-a-leading-securities-fraud-law-firm
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