Wed Jan 15 23:49:20 UTC 2025: ## Hindenburg Research, Corporate Investigator, to Disband After Exposing Billions in Fraud
**Washington, D.C. – January 16, 2025** – Hindenburg Research, the prominent short-selling firm known for exposing corporate fraud, will disband, its founder Nathan “Nate” Anderson announced Wednesday. The firm, established in 2017, employed approximately 10 people and achieved notoriety for its investigations which led to billions of dollars in losses for implicated companies.
Anderson stated that the decision to disband follows the completion of all ongoing projects. These investigations resulted in charges against nearly 100 individuals, ranging from executives to billionaires and oligarchs, for civil or criminal offenses. Notable successes included investigations into electric truck maker Nikola, resulting in a $125 million settlement with the SEC and a criminal conviction for its founder, and the Adani Group, which saw a staggering $150 billion drop in market value following Hindenburg’s accusations of fraud.
Anderson plans to dedicate the next six months to open-sourcing Hindenburg’s investigative model and methodologies through a series of videos and materials. He described the firm’s work as “shaking empires that needed shaking.”
First Piper 