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description=Regulators should halt FLYE before U.S. investors lose millions;
author=Edwin Dorsey;

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problems at fly e group flye by edwin dorsey the bear cave subscribe sign in problems at fly e group flye regulators should halt flye before u s investors lose millions edwin dorsey aug 13 2025 paid 16 1 share the bear cave believes the stock of fly e group nasdaq flye 136 million is being manipulated by overseas stock scammers is in the end stages of a pump and dump scheme and is at risk of a near term severe stock collapse the bear cave further believes fly e group produces products that endanger the safety of all new yorkers fly e group primarily sells e bikes to food couriers in new york city according to a january 2025 investigation from non profit streetsblog fly e bikes have allegedly caused several deadly fires in the greater new york city area for example in january 2021 a 37 year old delivery worker christopher valentin died in the bronx after his fly e bike allegedly exploded while charging overnight his sister and husband also experienced severe burns and complications from smoke inhalation after escaping the fire screenshot from streetsblog investigation of the deadly january 2021 fire through a public records request to the fdny streetsblog also linked fly e s fly 10 ebike to a march 2023 lithium ion battery fire in the bronx which killed a 64 year old man streetsblog also produced photos obtained through an fdny public records request showing a fly e charger at the location of a deadly 2022 lithium ion battery fire screenshot from streetsblog investigation into a deadly lithium ion battery fire in manhattan in 2022 a separate january 2024 investigation found that fly e had a non fatal fire at one of its repair shops on the first floor of a residential building in brooklyn and a history of selling batteries without safety certifications the investigation stated in part over last summer into the fall fdny hit nine different fly e bike locations around the city with either civil summonses or violation orders or both including in response to an oct 30 fire at 662 nostrand ave in crown heights brooklyn there fly e bike operated on the first floor with two residential floors above fire officials say inspectors noted fly e bike franchises they visited often relied on batteries that lacked safety certifications the department of consumer worker protection has issued 77 violations at fly e bike shops around the city for selling batteries without safety certifications and flagged the umbrella company with a cease and desist letter with 10 violations for selling these dangerous batteries online in march 2025 safety certification company ul solutions sued fly e and alleged the company began advertising its products as ul certified without actually having ul certification ul solutions march 2025 lawsuit against fly e two months ago that lawsuit was settled for 1 000 000 and fly e was ordered to refrain from committing any other acts reasonably calculated to cause users to believe that defendants products are authorized or certified by ul when in fact such products are not authorized or certified by ul last month a 76 year old grandmother died in the bathroom of a pizzeria after an e bike fire left her trapped inside the fire occurred at singas famous pizza in flushing ny less than one mile from fly e s corporate office one online commentator speculated that the fire was from one of those electric scooters that look like sh y mopeds and often say fly e bike on the back end fatal july 4 2025 fire in a pizzeria caused by an e bike lithium ion battery fire fly e continues to operate several locations in and around manhattan the bear cave believes fly e also poses a danger to investors as it appears to be in the end stages of a pump and dump operation let s briefly look at the evidence this post is for paid subscribers subscribe already a paid subscriber sign in 2026 hunterbrook media privacy terms collection notice start your substack get the app substack is the home for great culture this site requires javascript to run correctly please turn on javascript or unblock scripts