We were delighted to work with The Sunday Times newspaper to help tell the story of the Ostin Technology (OST) ‘pump and dump’ scandal.

OST is a Chinese manufacturer of LED screens which is listed on the American stock exchange, the NASDAQ.

At the start of the year investors were told by people purporting to be trading experts to buy shares in the firm as it was about to make a huge amount of money.

Many people had got involved with the so-called investment opportunity after seeing Facebook adverts or being joined into WhatsApp groups.

The stock price did initially start to rise and by the middle of June each share was worth around $9. Investors were told to hold their position as the price was expected to hit $25 a share.

However, in on around June 25, 2025, it appears there was an orchestrated plan for certain people to ‘dump’ their shares. These people would have made handsome profits.

But thousands of unsophisticated investors who were duped into buying shares lost virtually all of their money as the share price collapsed.

The FBI has now launched a full investigation.

We worked with The Sunday Times newspaper to help tell the story of what happened as a warning to others.

The newspaper ran an excellent article and had a brilliant piece online explaining through a series of clever graphics how the scam worked.

One of our clients was interviewed as part of the new article.

Our senior partner Martin Richardson was quoted in the piece:

“Martin Richardson from Richardson Hartley Law said the firm had had more than 100 inquiries from UK investors who had bought shares in OST after speaking to what seemed like legitimate US investment management firms online. He suggested the number of UK losers could be in the thousands.

“As soon as the share price plummeted we started to get calls and inquiries from investors who said that they had been scammed,” he said. “This has left financial devastation for thousands of UK victims.”

Read the full Sunday Times article: How investors watched their money grow 1,075% — then lost it all | The Times and The Sunday Times

We have already has success in helping victims of the Ostin Technology scam to recover lost funds through their banks.

Find out more here: Ostin Technology Scam.

Have you lost money to the Ostin Technology scam? Contact National Fraud Helpline. Call 0333 0033218 or fill out our  Claim Form.