As I’ve shared with family, friends and our team since late last year, I have made the decision to disband Hindenburg Research. The plan has been to wind up after we finished the pipeline of ideas we were working on. And as of the last Ponzi cases we just completed and are sharing with regulators, that day is today.| Hindenburg Research
Carvana is a $44 billion online car dealer founded in 2012. Its main business is an online platform that allows retail customers to buy and sell used cars.| Hindenburg Research
Sezzle Inc. is a Minneapolis-based ‘Buy Now, Pay Later’ (BNPL) company founded in 2016.| Hindenburg Research
Initial Disclosure: After extensive research, we have taken a short position in shares of PACS Group, Inc. (NYSE:PACS). This report represents our opinion, and we encourage every reader to do their own due diligence. Please see our full disclaimer at the bottom of the report. Background & Basics: $6.7 Billion Skilled Nursing Facility Operator Based In Utah PACS Group (NYSE:PACS) ... Read More| Hindenburg Research
As some readers of Hindenburg may be aware, we got our start in the world of fraud research by investigating suspected Ponzi schemes and private market fraud, including multiple firms and individuals later charged criminally or civilly by regulators.| Hindenburg Research
Roblox is a $27 billion online gaming platform headquartered in San Mateo, CA. The company was incorporated in 2004 and is led by founder and CEO David Baszucki.| Hindenburg Research
Initial Disclosure: After extensive research, we have taken a short position in shares of iLearningEngines, Inc. (NASDAQ:AILE). This report represents our opinion, and we encourage every reader to do their own due diligence. Please see our full disclaimer at the bottom of the report. Background & Basics: iLearningEngines (NASDAQ:AILE) is a self-described “AI-powered learning automation” software company based in Bethesda, ... Read More| Hindenburg Research
Super Micro Computer Inc. is a $35 billion server maker based in Silicon Valley, California that has ridden the wave of AI enthusiasm.| Hindenburg Research
Background: 18 Months Since Our Adani Report, SEBI Has Shown A Surprising Lack Of Interest In Adani’s Alleged Undisclosed Web Of Mauritius And Offshore Shell Entities| Hindenburg Research
Today we reveal the findings of our 2-year investigation, presenting evidence that the INR 17.8 trillion (U.S. $218 billion) Indian conglomerate Adani Group has engaged in a brazen stock manipulation and accounting fraud scheme over the course of decades.| Hindenburg Research
We have been aware that Indian securities regulator SEBI has been grappling with how they are going to respond to us, a U.S.- based research firm with no presence or operations in India, after we presented overwhelming evidence in January 2023 of why we believed Indian conglomerate Adani Group was operating “the largest con in corporate history”.| Hindenburg Research