Nathan Anderson, Founder of Hindenburg, Under Investigation for Securities Fraud and Misleading Disclosures
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Synopsis
New Delhi, Jan 19 (NationPress) Evidence is surfacing against Hindenburg Research and Nathan Anderson in a legal case in Ontario, revealing potential securities fraud and misleading disclosures by the firm and its founder.
Key Takeaways
- Hindenburg Research faces serious allegations of securities fraud.
- Nathan Anderson may be charged in 2025.
- Hindenburg ceased operations unexpectedly.
- Connections to Adani Group come under scrutiny.
- Leaked emails suggest editorial influence by Anson Funds.
New Delhi, Jan 19 (NationPress) Significant evidence is surfacing against the contentious short-seller Hindenburg Research and its founder Nathan Anderson in an ongoing legal dispute in Ontario, Canada, revealing Hindenburg's hidden connections, along with allegations of potential securities fraud and misleading disclosures attributed to both the firm and its founder, as reported by media outlets.
“There are numerous allegations of securities fraud against both Nate Anderson and Anson Funds, and our review has only covered 5 percent of the documents up to this point,” stated a report by Market Frauds, a Canadian online investigative news platform.
“It is highly likely that once the full dialogue between Hindenburg and Anson is presented to the SEC, Nate Anderson will face charges of securities fraud in 2025,” the report continues.
The abrupt decision by Hindenburg to cease operations has caught many off guard, particularly given its timing—just three days prior to Donald Trump’s inauguration.
In November 2024, Bloomberg’s Crack Research team released a comprehensive report as part of a series unveiling the clandestine influences behind various short-sellers and research firms, including Hindenburg. The report, named "Short-Sellers' Secret Talks and Alliances Emerge in Court Battle", focused on firms such as Hindenburg Research and Anson Funds, a Canadian fund run by Moez Kassam, of Indian descent. Hindenburg refuted any connection with Anson, asserting to Bloomberg that it receives “hundreds of leads annually from a variety of sources. We thoroughly vet every lead and have consistently upheld complete editorial independence in our work,” it stated.
In response to the article, Anderson also publicly denied any collaboration with Anson or any other parties. Nevertheless, leaked emails indicate a different narrative. Numerous emails exchanged between Hindenburg and Sanjeev Puri of Anson in 2019 regarding a trade imply that Anson assumed the editorial lead, leaving Hindenburg with minimal editorial influence. The existence of any financial ties between the two remains uncertain.
Insiders suggest that the Adani Group, which refrained from suing the short-seller, launched covert investigations alongside foreign intelligence partners last year to counteract those opposing them. Hindenburg initially published its report on the Adani Group in January 2023, resulting in a market capitalization decline exceeding $150 billion.
The involvement of Anson in the assault on the Adani Group is still ambiguous, with some reports suggesting that its backers may include organized crime figures. Marissa Siegal Kassam, the spouse of Anson’s founder, and Mahua Moitra were colleagues at JP Morgan, where Moitra was employed for nearly 12 years. Moitra was the individual who instigated the attacks on the Adani Group in the Lok Sabha following the Hindenburg report.
