Founder of Hindenburg Research, Anderson implicated in securities fraud and misleading disclosures
A recent court battle in Ontario, Canada, has brought to light compelling evidence against Hindenburg Research, a controversial short-seller, and its founder Nathan Anderson. Media reports suggest that the firm and its founder may be involved in securities fraud and have made faulty disclosures.
Market Frauds, a Canadian online investigative news outlet, reported that there are multiple allegations of securities fraud against Nate Anderson and Anson Funds. Market Frauds claims to have reviewed only 5% of the material, indicating potentially more damning evidence against Anderson. The report also predicts that when the entire exchange between Hindenburg and Anson is reviewed by the SEC, Nate Anderson could face charges of securities fraud in 2025.
The unexpected closure of Hindenburg’s operations just three days before Donald Trump’s inauguration has sparked curiosity and raised eyebrows. In November 2024, Bloomberg’s Crack Research team published an in-depth report unveiling clandestine connections behind various short-sellers and research firms, shedding light on Hindenburg’s activities. The report, titled “Short-Sellers’ Secret Talks and Alliances Emerge in Court Battle,” specifically highlighted Hindenburg Research and Anson Funds, a fund based in Canada owned by Moez Kassam.
Despite denying any affiliation with Anson, Hindenburg asserted that it independently verifies each of the hundreds of leads it receives annually. Nathan Anderson also publicly denied any collaboration with Anson or other entities. However, leaked emails revealed a different story. Correspondence between Hindenburg and Sanjeev Puri of Anson in 2019 indicated that Anson had significant editorial control over a trade, raising questions about potential financial arrangements between the two parties.
Further investigations suggest that the Adani Group, which refrained from suing Hindenburg for its damaging report, engaged in secret inquiries with foreign intelligence partners to combat adversaries. Hindenburg’s report on the Adani Group in January 2023 led to a staggering market valuation loss exceeding $150 billion.
The involvement of Anson in the attacks on the Adani Group remains ambiguous, with speculations of ties to organized crime. Reports suggest that Marissa Siegal Kassam, Anson’s founder’s wife, and Mahua Moitra, former colleagues at JP Morgan, may have been connected to the orchestrated attacks on the Adani Group following Hindenburg’s report in the Lok Sabha.
In conclusion, the unfolding saga involving Hindenburg Research, Nathan Anderson, Anson Funds, and the Adani Group showcases a complex web of potential securities fraud, faulty disclosures, and covert operations that are gradually coming to light. The true extent of these allegations and the repercussions for those involved remain to be seen as investigations continue to unravel the intricate connections within the financial world.
