Connect with us

Hi, what are you looking for?


The Adani Group Exposed! Meet The Man Behind The Hindenburg Report: ‘Nathan Anderson’

Gautam Adani vs Nathan Anderson

Nathan Anderson led Hindenburg Research which is an activist investment company accused billionaire businessman Gautam Adani’s Group of perpetrating fraud, Adani’s net worth dropped significantly and he fell to the world’s third-richest person. As a result of the claims, the conglomerate’s bonds and stock prices dropped. The research released a report stating that the Adani Group is artificially boosting its share prices and is overvalued by over 80%.

Who Is Nathan Anderson?

Born to a college professor and a nurse in a small town in Connecticut. After receiving his bachelor’s degree in international business from the University of Connecticut, 38-year-old Nathan Anderson started his career in finance working with investment management businesses at the data company FactSet Research Systems Inc. One of his favourite things to do is “finding scams”.

Hindenburg Research and Nathan Anderson

Image Courtesy: Business Today

According to his LinkedIn profile, the short seller gained “experience of thinking and acting under great pressure” from the transaction. In interviews, Anderson has praised Harry Markpolos, the analyst who exposed Bernie Madoff’s Ponzi scheme.

Gabriel Grego, the founder of Quintessential Capital Management told the Washington Post (WaPo) that Anderson had worked with him on a project earlier and was “an extremely intelligent person” with a “great sense of humour”.

“He’s incredibly productive; he works very, very, very, very fast,” he was quoted as saying by WaPo.

Take off after hitting rock-bottom

Anderson exposed Aphria when Anderson was facing debt and eviction from his apartment, just when he wrote a report on medical cannabis firm. The findings revealed that Aphria was using shell firms to siphon off shareholders’ funds, and triggered a 30 per cent plunge for its stocks. He shorted the stock and made a profit that prevented him from losing his home. helped him stay in the game and gather a team of former Bloomberg and CNN journalists, as well as analysts. The team backed by around 10 investors with a lot of cash, investigated firms and put together reports which take at least six months. The investors have remained anonymous so far, while Anderson has exposed multiple entrepreneurs as frauds.

Aphria Inc. (APH.TO)

Image Courtesy:

Nathan’s History

Harry Markopolos, the man who tried to warn authorities about Bernard Madoff in the 2000s. The Madoff investment scandal was exposed in 2008, it was history’s largest ponzi scheme worth almost $65 billion. While he founded Hindenburg, named after a 1937 airship disaster, in 2017, Anderson was working from a WeWork space in Manhattan.

Hinderburg Research

Named after the high-profile disaster of the Hindenburg airship in 1937 as it flew into New Jersey. After finding potential wrongdoings of large corporates, Hindenburg research publishes a report explaining the case and bets against the target company, hoping to make a profit.

Hindenburg Research

Hindenburg is best known for its bet against electric truck maker Nikola Corp (NKLA.O) in September 2020, which generated “a big win,” he told the WSJ, declining to specify the amount.

Hindenburg has flagged potential wrongdoing in at least 16 companies since 2017, according to its website, the report mentions.

Link to their website:

Exposed Adani Group

Nathan Anderson made waves when his firm Hindenburg Research, announced that it was betting against stocks linked to the Adani Group, headed by Gautam Adani, a man whose estimated net worth at the start of this year exceeded that of billionaires Jeff Bezos, Bill Gates and Warren Buffett.

Through a report, Hindenburg indicated that the companies of said conglomerate, belonging to the richest man in Asia, were involved in “a brazen scheme of stock manipulation and accounting fraud for decades.”

As per the research, Adani has pulled off this gargantuan feat with the help of enablers in government and a cottage industry of international companies that facilitate these activities.

Adani Group and Hindenburg have been issuing back-to-back statements against each other ever since the report came out last week.

As the war between the two has just begun, the firms should settle the dispute at the earliest. While this report has caused Gautam Adani to lose ₹ 489993000000 in a day.



Adani Stocks Take A Huge Hit After Hindenburg Research Accuses The Adani Group Of Stock Manipulation And Fraud

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like


A video showing a baby with redness and cracks has gone viral, naming it ‘alien baby’ and ‘demon child’. The video claims that the...

National News

The CBI conducted investigations at 77 locations spanning 14 states, detaining ten suspects as part of a massive crackdown on online child sex abuse....


The much-awaited Khakee: The Bihar Chapter was released on Netflix on November 25 and since then Chandan Mahto, who is the main antagonist in...


Twenty days after its release, Rishabh Shetty’s ‘Kanatara’ continues to be the first choice for moviegoers. After a thundering response to the Kannada version,...