Abacus Global Management, Inc. (NASDAQ: ABL) Under Investigation Following “Fake Revenue” Allegations; Investors Urged to Contact Award-Winning Firm, Gibbs Mura

OAKLAND, Calif.--(BUSINESS WIRE)--Shares of Abacus Global Management, Inc. (“Abacus”) fell over 30% in intraday trading on Wednesday, June 4, 2025, after Morpheus Research published an article alleging that the financial services company is a “life settlements accounting scheme manufacturing fake revenue by systematically underestimating when people will die.” Gibbs Mura is investigating a potential Abacus Global Management, Inc. (NASDAQ: ABL) Securities Class Action Lawsuit on behalf of shareholders who lost money in Abacus.

What Should Abacus Global Management, Inc. Investors Do?

If you invested in ABL, visit our Abacus Global Management, Inc. investigation webpage, or call us at [phone] to get more information about how you may be able to recover your losses. Our investigation concerns whether Abacus has violated federal securities laws by providing false or misleading statements to investors.

What is the Abacus Global Management, Inc. (ABL) Lawsuit Investigation About?

On June 4, 2025, Morpheus Research published a detailed report alleging that Abacus is a “life settlements accounting scheme manufacturing fake revenue by systematically underestimating when people will die.”

Morpheus’s three-month investigation into Abacus, which purportedly included expert interviews, review of corporate records and court documents, and discussions with former Abacus employees, allegedly uncovered that Abacus’s returns are “primarily manufactured by the systematic overvaluation of its assets through an opaque ‘mark to model’ accounting scheme that closely mirrors past blow-ups in the life settlements industry.”

The report claims that Abacus “has resorted to slashing its discount rate to generate more non-cash gains,” a tactic that has been linked to other notorious life settlement frauds such as GWG Holdings.

Following this news, shares of Abacus Global Management, Inc. plummeted over 30% in intraday trading on June 4, 2025, causing significant harm to investors.

About Gibbs Mura, A Law Group

Gibbs Mura represents investors nationwide in securities litigation to correct abusive corporate governance practices, breaches of fiduciary duty, and proxy violations. The firm has recovered over a billion dollars for its clients against some of the world’s largest corporations, and our attorneys have received numerous honors for their work, including “Best Lawyers in America,” “Top Plaintiff Lawyers in California,” “California Lawyer Attorney of the Year,” “Class Action Practice Group of the Year,” “Consumer Protection MVP,” and “Top Women Lawyers in California.”

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