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A Personal Note From Our Founder. Published on January 2, 2025 January 3, 2025.
News
A Personal Note From Our Founder
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
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Report
Carvana: A Father-Son Accounting Grift For The Ages
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. Despite facing bankruptcy risks in 2022 and 2023, Carvana's stock spiked 284% in 2024, with investo
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Sezzle: A Failing "Buy Now, Pay Later" Platform Playing Short Term Tricks As Insiders Cash Out Via Stock Sales And Margin Loans
Sezzle Inc. is a Minneapolis-based 'Buy Now, Pay Later' (BNPL) company founded in 2016. Its stock is up 2,015% in the last year, driven by investor confidence that it is a growing, profitable business that recently reported 71% year-over-year revenue grow
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PACS Group: How To Become A Billionaire In The Skilled Nursing Industry By Systematically Scamming Taxpayers
PACS Group is a $6.7 billion Utah-based operator of skilled nursing facilities (SNFs) that serves 29,000 patients daily. Its stock is up 104% since its April IPO, making it among the most successful IPOs of 2024. Despite operating in a highly competitive
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Aaron Wagner And Wags Capital: From Pro Football To Utah's Latest Disgraced Financial Influencer
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. In a
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