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BGXX.US
id: 946, Created by , Scout

Bright Green (BGXX) CEO Fraud Accusations Case

  • In June 2022, the Green Market reported Bright Green’s former CEO accusing the Company of fraud.
  • On it, $BGXX fell 26.1%, losing $161M+ shareholder value.
  • Investors may suspect Bright of fraud, which led to their losses.
On June 2, 2022, Green Market Report published a report alleging that Bright Green’s former CEO was accusing the Company of fraud. The former CEO allegedly claimed that Bright Green was a ‘’sham, operated illegally and fraudulently.”

On this news, $BGXX fell 26.1% and lost over $161 million of its market capitalization, seriously damaging shareholders.

Considering all the information, investors might have grounds to suspect that Bright Green and its executives were involved in unlawful business practices, which consequently led to their losses.

The case is already under investigation by at least one of the reputable law firms.
Alleged Offence
Misleading Statements
Financial Misrepresentation
Fraud
Failure to Disclose
Omissions
Suspected Party
Directors
Management
Shareholder
Security Type
Stocks
Trade Direction
Long
Shock Event Date
03 June 2022
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Bright Green Corp

Bright Green Corporation focuses on the cultivation, manufacture, and sale of cannabis and cannabis-related products. Its products are used in research, pharmaceutical applications, and affiliated ...

    Ticker
    BGXX.US
    ISIN
    US10920G1004
    CIK
    1886799
    Sector
    Healthcare
    Industry
    Drug Manufacturers - Specialty & Generic
    Country
    USA
    Address
    1033 George Hanosh Boulevard, Grants, NM, United States, 87020