Shortseller | FinTelegram News

Category: Shortseller

August 31, 2024

Short-Seller Attack: Hindenburg Research Exposes iLearningEngines as a “House of Cards” with Alleged Fake Revenues!

Short-seller Hindenburg Research has recently issued a critical report targeting iLearningEngines, a company that claims to specialize in AI-powered learning automation software. The report accuses iLearningEngines of significantly inflating its revenues and expenses. Following the release of the report, iLearningEngines' stock plummeted by 55%, triggering investigations into potential securities fraud by legal firms like Block & Leviton.

Shortseller

August 29, 2024

Effective Attack: Shares of Short-Seller Target Collapsed!

Super Micro is currently facing significant challenges following a report by Hindenburg Research, which accused the company of accounting manipulation and other irregularities. In response to these allegations, Super Micro announced a delay in filing its SEC filing. This announcement led to a dramatic decline in its stock price, with shares plummeting nearly 25% in a single day.

August 20, 2024

Under Pressure: Investment Dinosaur Carl Icahn Settles SEC Charges for $2 Million!

Billionaire activist investor Carl C. Icahn has agreed to pay a $2 million fine to settle charges brought by the U.S. Securities and Exchange Commission (SEC) for failing to disclose that he had pledged his personal stock holdings as collateral for billions of dollars in loans. The SEC's charges, announced on Monday, highlight Icahn's use of more than half of his shares in Icahn Enterprises as collateral, a practice that went unreported for years.

July 23, 2024

Short Seller Attack: Israeli Beauty Tech Firm Oddity Faces Potential Class Action Over False AI Statements!

Welcome to America: Oddity Tech Ltd., an Israeli company known for its beauty and wellness products, is facing a potential class action lawsuit filed by an investor following a devasting short seller report. The suit alleges that ODDITY exaggerated the capabilities of its artificial intelligence technology prior to its $424 million initial public offering (IPO) last year. The lawsuit is coordinated by Kahn Swick & Foti (KSF), a Louisiana-based law firm.

February 21, 2024

Temenos Faces Turmoil Amid Short-Seller Accusations and Leadership Challenges

As recently reported by FinTelegram, Temenos, a prominent Swiss software company, is currently navigating through a storm of controversies following a scathing critique by Hindenburg Research, a well-known short-selling firm. Amid these turbulent times, a significant investor has openly demanded the resignation of interim CEO Andreas Andreades, intensifying the pressure on the Geneva-based firm's leadership.

February 19, 2024

Short-Seller Attack: Hindenburg Research Targets Temenos with Allegations of Accounting Irregularities

Hindenburg Research, known for its short-selling attacks, has set its sights on Temenos AG, a Swiss-listed banking software developer. With a market capitalization of approximately $7.5 billion and a reported revenue of $1 billion in 2023, Temenos boasts a global client base of 3,000 customers. However, the Hindenburg report, including whistleblower information and interviews with former Temenos employees, has unearthed serious concerns about the company's accounting practices.

November 3, 2023

Jack Dorsey’s Block Shows Resilience and Strong Performance: A Beacon of Hope for the FinTech Sector!

Amid a challenging landscape that has seen fintech companies navigate through a storm since 2021, Block, US fintech formerly known as Square and helmed by industry pioneer Jack Dorsey, has delivered a stellar earnings report that not only defied analyst expectations but also provided a glimmer of hope for the fintech industry at large. After the market close on Thursday, Block's shares soared by up to 19% as investors rallied behind the company's robust third-quarter results.

October 24, 2023

The ‘Israel Puppy” Controversy: The Voicemail Saga Of Shortseller Fraser Perring

The financial domain is a theater where reputations can soar to towering heights or plunge into abysmal depths within a blink, especially in today's digital epoch, where information, authentic or doctored, races across the globe in an instant. A recent uproar involving an alleged leaked voicemail by short-seller Fraser Perring of Viceroy Research has catapulted into a tempest of dispute, PayNews42 reports.

Shortseller

August 17, 2023

Nasdaq-Listed Freedom Holding And Its CEO Timor Turlov Refute Accusations Of The Short-Sellers!

The short-seller Hindenburg Research accuses Freedom Holding, a Nasdaq-listed financial services company headquartered in Kazakhstan, of a litany of fraudulent and illegal activity. Freedom dismisses the allegations as conjectural and lacking evidence. CEO Timur Turlov, 35, informed Reuters that the firm would retain its non-sanctioned Russian clientele. Turlov, 35, has been on Forbes’ billionaires list since 2021, worth an estimated $3.2 billion.

August 16, 2023

Hindenburg Research Short-Sellers Attack Russian-Controlled Nasdaq Broker Freedom Holdings!

Freedom Holdings, an online brokerage firm with a market capitalization of $4.6 billion, has been making headlines since its inception in 2008. Its Chairman & CEO, Timur Turlov, a multi-billionaire, holds 70% of the company's shares. Originally based in Moscow, the company was listed on the Nasdaq in 2019. Its shares soared by over 450%. A report of the short-sellers Hindenburg Research exposed some alarming concerns.

Shortseller

July 21, 2023

Viceroy Short-Sellers Target Swedish Hexagon With Fraud Charges!

The short-sellers around Viceroy Research and Fraser Perring have a new target: Hexagon AB, a multinational technology group for metrology and geoanalytics controlled by Melker Schörling, the majority shareholder and determining voting shareholder. In new research, Viceroy Research concludes that Hexagon is run by a "corporate dictatorship." Moreover, Viceroy believes management has committed fraud.

June 29, 2023

Shortseller Fraser Perring Was Right: Office Raids At Adler Group Over Market Manipulation!

In the last few days, there has been a Europe-wide raid at the Adler Group over the suspicion of balance sheet falsification and market manipulation. The German public prosecutor's office announced that 175 law enforcement agents searched 21 properties in various countries. Likely, the allegations made by short-seller Fraser Perring and his Viceroy back in 2021 will prove true. Adler Group is connected to the Austrian real estate gambler Cevdet Caner.

How U.S. Law Enforcement Infiltrated The International Crypto Scene!

In an unprecedented move, the FBI infiltrated the crypto world with its own token, NexFundAI, to crack down on market manipulation. This case marks a significant shift in crypto enforcement, signaling that law enforcement is evolving its tactics to keep pace with the complexities of the digital asset space. As more fraudsters are exposed, the crackdown on wash trades and pump-and-dump schemes is just beginning.

Breaking: German Co-Founder of Crypto Fraud Scheme USI Tech On The Run!

USI Tech was one of the first MLM schemes to use cryptocurrencies to defraud its investors. FinTelegram has issued several warnings aginst the scheme. Horst Jicha has now gone fugitive, leaving behind a trail of defrauded investors and evading justice in the $150 million USI Tech fraud case. With Jicha on the run, the case serves as a chilling reminder of the risks in the volatile crypto world.

Binance Chief Financial Crime Compliance Officer Denied Bail in Nigerian Case!

Think twice before starting to work for the world's larger crypto exchange. As Binance’s financial crime compliance officer faces money laundering charges in Nigeria, questions mount over the company’s compliance safeguards and the risks involved in its global operations. The denial of bail for Tigran Gambaryan and the ongoing legal battle could have far-reaching implications for the company’s future.

Fintech

Solaris Bleeds Cash and Jobs: Can This High-Risk Fintech Survive, Let Alone IPO?

Solaris, a German fintech and neobank, has a long history of compliance troubles. Moreover, its ongoing financial losses and regulatory woes doubt its long-term profitability, even as it sheds jobs and restructures for survival. A potential IPO, as rumored by the German platform Gründerszene, seems speculative at best in light of its deep-rooted issues with compliance and financial stability.

Breaking: The Binance-Like $3.1 Billion Money Laundering Settlement of TD Bank!

TD Bank, one of North America's largest financial institutions, has been hit with a historic $3.1 billion settlement over money laundering violations. This case represents one of the most significant AML enforcement actions in U.S. history, both in terms of the financial penalties imposed and the severity of the admitted misconduct. Only Binance, with its $4.1 billion settlement, was even larger.