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Tag: Viceroy Research

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

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.

Shortseller

May 23, 2023

The Short-Seller Battle Around Japanese Abalance Continues On Twitter!

Viceroy Research's new short-seller battle against Japan's Abalance continues. As usual, Fraser Perring and his comrades are using Twitter (#Abalance) as the battleground to create pressure to send Abalance's stock south. That's their business model. So far, the success has been manageable. Although the stock plunged nearly 30% after the release of the first report on May 17, 2023, it recovered somewhat and is down just under 25%.

Shortseller

May 9, 2023

Viceroy Shortsellers Seem To Be Right About Swedish Real Estate Developer SBB

SBB's annual report was not coherent. He accused SBB and its CEO, Ilija Batljan, of misleading and defrauding investors (reports here). On Monday, S&P Global Ratings downgraded Stockholm-based SBB, one of Europe's most indebted real-estate developers, to junk status. On Twitter, Perring said that the downgrade brings Barljan to the verge of bankruptcy:

April 26, 2023

Cevdet Caner: The Austrian Behind The Troubled Adler Group!

Since 2021, listed German real estate firm Adler Group has been under fire from short-sellers at Viceroy Research and Fraser Perring. In their analyses, Adler Group is described as a fraudulent scheme that the Austrian Cevdet Canar would control. In July 2022, Caner became the head of Aggregate Holdings SA, one of the largest shareholders of Adler Group. Caner already has a wild entrepreneurial past with several bankruptcies and criminal proceedings. Here is his portrait.

Shortseller

April 25, 2023

Good News For Shortsellers: German Adler Group With Record Loss!

The short-sellers around Viceroy Research and Fraser Perring were right with their analyses. The struggling German real estate group Adler Group announced a 2022 loss of almost €1.7B due to a devaluation of the real estate portfolio and value adjustment on receivables. In 2021, the company reported a net loss of almost €1.2B. The Adler Group has been under fire from Viceroy Research for several months. Perring considers the Turkish-born Austrian Cevdet Caner to be the beneficial owner.

Investment Schemes

October 2, 2022

Another Short Seller War Against Swedish Real Estate Company SBB

The Swede Ilija Batljan founded the real estate company Samhällsbyggnadsbolaget (SBB) in 2016. It claims to be one of Sweden's biggest real estate companies, listed on Nasdaq First North. Batljan is the company's CEO and came under pressure after another report by Wirecard hunter Fraser Perring and his Viceroy Research uncovered irregularities in the company's cash. In part, SBB had to admit to the allegations. A battle between Perring and Batlja is currently taking place on Twitter.

CFTC Targets Polymarket and Offshore Crypto Betting Platforms Amid U.S. Presidential Election!

The CFTC’s crackdown on Polymarket and other offshore crypto platforms signals a new phase of enforcement in the prediction market space, where the intersection of derivatives and elections raises complex compliance challenges. With over $930 million in bets placed on Polymarket’s "2024 Presidential Election Winner" market, regulators are taking notice.

SEC
US DOJ

U.S. DOJ and SEC Charge Former CEO and CFO With Fraud and Misleading Auditors!

SEC and DOJ cracked down on fraudulent financial reporting at the tech company Kubient. The company's top executives were misleading investors about revenue, which was central to raising millions. Former CEO Paul Roberts faces up to 20 years for orchestrating this scheme. Kubient is a digital advertising technology whose shares were publicly traded on the Nasdaq between August 2020 and November 2023 under the ticker “KBNT.”

U.S. Tech Companies Face Mounting Regulatory Penalties from EU Authorities

Regulators in the EU are steadily increasing pressure on U.S. tech companies, hitting them with billions in fines for antitrust violations and data privacy breaches. This regulatory offensive is reshaping how these companies operate, especially as new laws like the DMA and DSA come into play. While the U.S. has also taken action against tech giants, the largest monetary penalties have come from European regulators.

Google Wins Major Legal Victory in €1.49 Billion EU Antitrust Case

Google’s legal win against the €1.49 billion fine sets a new precedent in Big Tech’s battle with EU regulators, but the scrutiny is far from over as antitrust challenges mount on multiple fronts. Last week, the EU's top court upheld a fine of €2.42 billion imposed on Google for abusing its dominant position by favoring its comparison shopping service. The war of EU regulators against the dominating U.S. tech companies is far from over.

Auditors
SEC

Audit Firm Prager Metis Settles SEC Charges for Negligence in FTX Audits!

Auditor firm Prager Metis’s negligence in auditing FTX stripped investors of crucial protections, ultimately exposing them to the collapse of one of the biggest crypto frauds in history. The firm agreed to pay $1.95 million to settle charges related to the FTX audits and separate auditor independence violations. The U.S. SEC’s action underscores auditors' vital role as financial gatekeepers.