Latest news with #Lindstrom
USA Today
17-06-2025
- Sport
- USA Today
Top 5 NHL Draft pick Cayden Lindstrom confirms he'll play at MSU next season
Top 5 NHL Draft pick Cayden Lindstrom confirms he'll play at MSU next season Michigan State hockey has officially landed a major prospect that was selected in the top five of last year's NHL Draft. Aaron Portzline of The Athletic reported on earlier this month that star forward Cayden Lindstrom has confirmed he'll play for Michigan State next year. Portzline reported earlier this offseason that Lindstrom was leaning towards joining Michigan State for next season, but his latest report on earlier this month now confirms that is the case. Lindstrom is a Canadian prospect who played major junior hockey for the Medicine Hat Tigers of the WHL and was the No. 4 pick by the Columbus Blue Jackets in last year's NHL Draft. After a back injury sidelined him for the 2024-25 season, he considered the college hockey route, a path not very common for Canadian major junior hockey players. The official addition of Lindstrom to an already loaded Spartans squad is great news for the Spartans. Michigan State is shaping up to once again be a preseason top five team and should again be in contention for the national championship in 2026. Contact/Follow us @The SpartansWire on X (formerly Twitter) and like our page on Facebook to follow ongoing coverage of Michigan State news, notes and opinion. You can also follow Robert Bondy on X @RobertBondy5.
Yahoo
16-06-2025
- Business
- Yahoo
Obscure Chinese stock scams dupe American investors by the thousands
Braden Lindstrom had only dabbled in investing when he was encouraged by someone impersonating a financial adviser to buy shares in a small Chinese company listed on the Nasdaq Stock Market. A few clicks later, he was on his way to being scammed out of $80,000. Lindstrom, a college professor in Utah, invested in Jayud Global Logistics (JYD), a small Chinese shipping company whose price rose for months, then crashed 96%, just after Americans like him were told to buy it. Wall Street veterans say the pattern has been repeated dozens of times in recent years, and feeds on tiny Chinese stocks that are vulnerable to manipulation and easily bought by U.S. investors. Red vs. Blue Is Dividing Stock Portfolios Like Never Before How to Say No at Work America's Last Mall King Is Still in Charge, Even After a Deadly Diagnosis Southwest Airlines Adds Cockpit Alerts to Boost Runway Safety 'Why Am I Doing This?' These Investors Are Locking In Stock Gains While They Can. Traders and investigators say it has become an epidemic of fraud, frustrating U.S. regulators who typically can't get access to evidence in China, even though the companies market their stock to investors in the U.S. The Justice Department is now involved with fighting the fraud, which resembles a pump and dump, declaring it a priority of the Trump administration's white-collar enforcement program. The department 'has stood up a team to identify and root out these bad actors, deter misconduct, and, where possible, recover victim funds,' said Matthew Galeotti, the head of the Justice Department's criminal division. Victims are typically recruited through social-media ads or messages on WhatsApp advertising investment advice. Unlike as in many other online scams, they are told to buy shares in real companies, often obscure Chinese firms that fizzled after going public on U.S. stock exchanges. The investors are duped into believing the company is on the verge of something big, perceptions that are reinforced by short-term gains in share prices engineered through manipulative trading. The sellers are often a ring of traders who bought the stock at much cheaper prices, sometimes directly from the companies, and want to dump it on the unsuspecting victims. Nearly 60 China-based companies have conducted initial public offerings on Nasdaq since 2020 that each raised $15 million or less. More than one-third have experienced sudden one-day price drops of 50% or more over the past two years, according to FactSet data. Another 17 listed companies based in Hong Kong have lost half of their market value in a single day. The Financial Industry Regulatory Authority warned in 2022 that small IPOs involving such companies were often a prelude to fraud. Such offerings were supposed to broadly market shares to new investors. But they could instead be placed with insiders or affiliates of the company, and manipulative trading often appeared soon after the IPOs, according to Finra. 'We're seeing this across the landscape,' said Bryan Smith, a senior vice president for complex investigations at Finra, which supervises stock brokerages. One recent criminal case, involving China Liberal Education Holdings, illustrates how an alleged fraud occurs. China Liberal, which said it ran international-study programs for Chinese college students, disclosed in December that it raised almost $21 million from 30 big investors, who agreed to purchase 160 million shares for about 13 cents each, according to securities filings. But some of those investors were involved in a pump and dump that defrauded 600 victims, according to an indictment issued in March. Seven of the big buyers quickly moved their shares to U.S. brokerage firms. Recruiting investors through Facebook ads and WhatsApp texts, they unloaded over 50 million shares, earning over $480 million, according to the indictment. The Chicago U.S. attorney's office in March seized about $214 million, or under half of the allegedly illegal proceeds, after a brokerage firm alerted Finra of potential fraud. The seven traders, five from Malaysia and two from Taiwan, were charged with wire fraud and securities fraud over their sales of China Liberal Education Holdings stock. Nasdaq suspended China Liberal's stock from trading on June 3. Lindstrom, the college professor, is one of five people interviewed by The Wall Street Journal who said they were fooled by advertisements on Facebook or Instagram that told them to buy Jayud Global Logistics. The promoters sometimes referred to Jayud as 'Cash Cow 5' and said its price would skyrocket after it was acquired by a bigger shipping company, Matson. Lindstrom invested $82,000 in late March. The price touched $8 on April 1. After the market closed that day, Jayud's stock price crashed to under $1. The administrator of Lindstrom's WhatsApp group told him he could make up his losses by buying more shares of a different Chinese company, Nasdaq-listed Lixiang Education Holding. He didn't fall for the second swindle, but some did. Lixiang's price fell on April 17 from $23 to $7. It trades now at $2. 'It just kind of puts a dent in your faith in human nature,' Lindstrom said. Another investor in Northern California, a 45-year-old commercial property manager, said he lost $320,000 betting on Jayud. A different investor from Missouri lost $54,000. He said he believed that Meta, which owns Facebook, would block stock scams from advertising. Meta said it is experimenting with new tools, such as facial-recognition technology, designed to block complex scams. 'Addressing this crime requires collaboration between banks, governments, law enforcement and telecoms,' a spokeswoman said. Lindstrom and the others formed a support group of about 96 Jayud investors who collectively lost about $9 million, he said. Nasdaq says it has made it harder in recent years for risky companies to remain listed on its exchange. In January, for instance, Nasdaq accelerated the process for delisting some companies whose share price falls under $1. 'Nasdaq takes its regulatory responsibilities seriously,' Nasdaq said in a statement. 'Where Nasdaq does not have principal authority, such as cross-market trading activity, we proactively work with other regulators and enforcement agencies to help address instances of market manipulation.' Authorities have recently focused on suspicious trading in the shares of several other China-based companies, including Lixiang and NetClass Technology, according to people familiar with the matter. A spokesman for NetClass said the company can't explain recent volatility in its share price but is committed to providing investors with information they need to assess the company's performance and future outlook. NetClass (NTCL) went public in December, pricing its shares at $5 and raising about $10 million, according to securities filings. The share price rose steadily until early May, when it reached an intraday peak of $51 on a frenzy of trading. The price collapsed a few days later. It now trades just above $2. Such volume spikes attract new buyers—and short sellers, who bet that the price will have to fall, said Nathan Michaud, a professional trader who has called attention to the schemes on social media. But the short sales, he said, can inadvertently further fuel a fraud. If the promoters push the price higher, short sellers scramble to buy shares to replenish the ones they borrowed, boosting the price even more. 'I think they realized it is harder to fool people into buying stock, and easier to trap people into shorting stock,' Michaud said. 'The only way you can absolutely kill your career is by trading these.' Write to Dave Michaels at Victoria's Secret Is Under Mounting Pressure From Latest Activist Investor Chinese Spenders Open Wallets as Factories Slow What's Behind PayPal's Will Ferrell Ads? How Stablecoins Can Be Destabilizing Santos Gets $18.72 Billion Takeover Offer From Adnoc-Led Consortium By subscribing, you are agreeing to Yahoo's Terms and Privacy Policy Sign in to access your portfolio
Yahoo
09-06-2025
- Sport
- Yahoo
PFF Ranks Chris Lindstrom As The Number One Guard In The NFL
PFF Ranks Chris Lindstrom As The Number One Guard In The NFL originally appeared on Athlon Sports. The Falcons have been wanting good news for a while now and having the top ranked guard on your roster is some news they like to hear. PFF has ranked Lindstrom at number one after he put up his best season in 2024. Advertisement Lindstrom is a three-time pro bowler and has been named to three straight second-team All-pros. Since 2022, Lindstrom has been one of the best linemen in the NFL and has done a great job protecting anyone behind center. Atlanta Falcons coach Raheem Morris speaks during the NFL Scouting Combine at the Indiana Convention Lee Lindstrom had a 95.5 rating in 2024 and was a force to be reckoned with on the offensive line. Lindstrom is now 28 and has improved ever season that he has been a pro, all have been with the Falcons. The Falcons have young weapons all around, that starts with Michael Penix Jr., Drake London and Bijan Robinson. Lindstrom's pass and run protection is going to be vital this season for each of these players to have stellar seasons. Advertisement Lindstrom was the 14th pick out of Boston College in 2019, and he missed most of his rookie season with a foot injury. Since that season he has maintained his health and has blossomed into one of the best linemen in the NFL. The Falcons must rely a bunch on a player like Lindstrom. Jake Matthews and Kaleb McGary are instrumental as well; to help Lindstrom and the Falcons maintain a solid offensive line. Being named the top Guard in the league is a big deal for Lindstrom and the Falcons, now it is time for them to prove PFF and others right. Related: The Steelers Called The Falcons After Aaron Rodgers Signing Related: How The Signing Of Aaron Rodgers Takes The Steelers Out Of The Kirk Cousins Race This story was originally reported by Athlon Sports on Jun 8, 2025, where it first appeared.
Time of India
06-06-2025
- Sport
- Time of India
Gustav Lindstrom leaves the Canadiens as he signs a five-year deal in Sweden in a shocking career turn
Look on Laval Rocket defenceman Gustav Lindstrom (5) during game (Credit: Getty Image) Gustav Lindstrom's decision to sign a five-year contract with Djurgården in Sweden, has raised eyebrows across the NHL community. As the 26-year-old defenseman, once viewed as a key depth piece for the Montreal Canadiens, is now leaving North America behind. After struggling to secure a long-term role in the league. Lindstrom spent the rest of the season in the AHL with Laval, where he played 42 games and notched 11 points. While still in his mid-20s, Lindstrom's move overseas is being seen as both surprising and calculated. With over 170 NHL games under his belt but only five goals and modest point totals, he may have reached a ceiling in North America. Recent AHL stint hinted at possible shift Lindstrom's full season in Laval during 2024 was a turning point, although he contributed offensively at times. Now his overall impact did not stand out among the Canadiens' defensive prospects, and players like Hutson and others continued to emerge, leaving fewer opportunities for Lindstrom to return to the NHL roster. His AHL numbers showed some consistency, but nothing that strongly pointed toward a breakout or comeback at the top level. Many within the organization reportedly still saw potential in Lindstrom, but the writing may have been on the wall. Without a defined NHL role and with younger players pushing forward, Lindstrom made the choice to secure his professional future elsewhere. Gustav Lindström quitte le match après avoir été victime d'un VIOLENT coup de Riley Bezeau! 😱 Five-year Djurgården deal may signal long-term shift The length of Lindstrom's deal with Djurgården is the most surprising element. Five years is a serious commitment, and few players in his position make such a move unless they are ready to pivot fully away from NHL aspirations. Read more: Florida Man energy meets Canadian pride as Stanley Cup final becomes a battleground beyond the rink While not a retirement from NHL consideration, this move closes the chapter on his Canadiens journey. It marks a new era for the former Detroit Red Wings pick, who now has a chance to reignite his game on his terms. The spotlight may be off for now, but Lindstrom's story is far from over.
USA Today
05-06-2025
- Sport
- USA Today
Which player has dominated the Bucs the most in recent history?
Which player has dominated the Bucs the most in recent history? No other team in recent history has caused more issues for the Bucs than the Falcons have, despite their recent run of NFC South dominance. Just last year, the Bucs won the division for a fourth straight time, but they needed some help from other teams in the league after getting swept by Atlanta during the regular season. One of the big reasons they had so much success against the Bucs was in part to their rushing attack and the time they gave their quarterbacks to pick apart the Bucs secondary. One of the key players of the Falcons offensive line is guard Chris Lindstrom. He is someone that PFF identified in a recent article as being the biggest achilles heel for the Bucs in recent history. They write, "Lindstrom has played terrifically against Tampa Bay throughout his career. He has recorded at least an 80.0 PFF overall grade in seven of their 10 most recent meetings. As is customary, Lindstrom has dominated the Buccaneers on the ground with a 91.4 PFF run-blocking grade. Still just 28 years old, he isn't going anywhere anytime soon, so Tampa Bay will have to figure out a way to beat him." Lindstrom is among the best guards in the NFL. It is unfortunate the Bucs have to play him twice a year, but it is a must-see TV event when they do. Lindtsrom going head-to-head with the likes of Vita Vea and Calijah Kancey is the equivalent of a heavyweight title fight on Sunday. They will play two more times this year, of course, so they have more chances to prove they can learn how to beat him.
