Concorde International Group Director Allegedly Enabled Stock Manipulation Scheme
Terence Wing Khai Yap, a director of Concorde International Group (NASDAQ: CIGL), is named in a securities class action lawsuit. The lawsuit alleges that Yap enabled a pump-and-dump scheme that artificially inflated the stock price before a 90% collapse. The case claims Yap had control over public communications and failed to disclose material non-public information.
Topics: class action lawsuit executive accountability securities fraud stock manipulation