Akazoo S.A. Investors: Company Investigated by the Portnoy Law Firm

LOS ANGELES, June 23, 2020 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises The GEO Group, Inc. ("GEO Group" or the "Company") SONG investors that the firm has initiated an investigation into possible securities fraud, and may file a class action on behalf of investors.

Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 310-692-8883 or email: lesley@portnoylaw.com, to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors' options for pursuing claims to recover their losses.

The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Akazoo is the subject of a research report by Quintessential Capital published on April 20, 2020. The report describes the Company as a "castle of cards" because many aspects of its business, including users, revenues, and profits may be "profoundly overstated." Quintessential Capital concluded, "We believe Akazoo is a scheme orchestrated by management to profit while egregiously deceiving investors." Based on this news, shares of Akazoo plunged by more than 17% on the same day.

Please visit our website to review more information and submit your transaction information.

The Portnoy Law Firm represents investors in pursuing claims against caused by corporate wrongdoing. The Firm's founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.

Lesley F. Portnoy, Esq.
Admitted CA and NY Bar
lesley@portnoylaw.com
310-692-8883
www.portnoylaw.com

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