• The short-seller who exposed fraud at Nikola is now targeting a conglomerate owned by the 4th richest person in the world

    12 days ago - By Business Insider

    Amit Dave/Reuters The short-seller that helped expose fraud at Nikola Motors is now targeting a firm owned by the fourth richest person in the world. Hindenburg Research issued a short-report on the India-based Adani Group on Wednesday. Hindenburg alleged that Gautam Adani is "pulling the largest con in corporate history." Hindenburg Research rose to prominence when it exposed fraud at Nikola Motors in 2020, which ultimately led to the downfall of its founder, Trevor Milton, and a more than 90% decline in Nikola's stock price. Now, the short-selling outfit has turned its attention to...
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