Ostin Technology Group Co. Ltd. Class A Ordinary Shares (NASDAQ: OST)
3 Days left to seek lead plaintiff status.
The Complaint alleges that beginning in April 2025, Lai Kui Sen and co-conspirators engineered a fraudulent sequence of securities offerings specifically designed to place the majority of OST shares in the hands of at least fifteen co-conspirators (the "Select Investors") for pennies per share or, in many cases, for no consideration whatsoever. These securities offerings were synchronized with a fraudulent campaign to artificially inflate the price and trading volume of the OST stock through social media and messaging service applications, including paid promotions that impersonated actual investment advisors and financial professionals. The scheme employed sophisticated tactics including AI generated deepfake videos, coordinated WhatsApp groups, false acquisition rumors, and guaranteed return promises to lure unsuspecting retail investors.