Blocked and reported
This is also how Hindenburg makes money. They’re short sellers — which means they make money by betting a stock will decline in value. After they make their bets, they release their report, which, yes, often makes the stock decline in value! It’s cool that anyone does this much research and reporting on companies; I know very few journalists who can spend two years on a single story like this.
To test this, we turned our accounts into “Donald Trump” and “Elon Musk” and were easily able to send and receive money. We ordered a Cash Card under our obviously fake Donald Trump account, checking to see if Cash App’s compliance would take issue—the card promptly arrived in the mail.is collateral damage in scamming.
It wasn’t just Massachusetts. In Washington State, Sutton Bank account holders had twice as many suspected fraudulent payments as those at Wells Fargo and Chase combined.his job to hire and invest in a fraud department that, you know, functions
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Hindenburg shorts Jack Dorsey's payments firm BlockHindenburg Research said on Thursday it held short positions in Block Inc , alleging that the Jack Dorsey-led payments firm overstated its user counts and understated its customer acquisition costs.
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Jack Dorsey's Block Tumbles 17% After Short Seller Hindenburg's ReportShort seller Hindenburg Research accuses Block of 'wildly' overstating user counts, while understating customer acquisition costs.
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Short seller Hindenburg accuses Jack Dorsey’s Block of ‘facilitating fraud’Hindenburg on Thursday alleged that Block overstated its user numbers and understated its customer acquisition costs.
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Short-seller Hindenburg targets Jack Dorsey's Block | CNN BusinessShort-seller Hindenburg’s attack on Block, the company led by Twitter founder and former CEO Jack Dorsey, comes two months after the short seller’s allegations against Adani Group erased billions of dollars from the Indian conglomerate’s balance sheets.
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Billionaires Dorsey, McKelvey Profited From Block’s ‘Rampant’ Fraud, Hindenburg AllegesBlock falsely inflated its stock’s value by lying about internal metrics, allowing company insiders including billionaires Jack Dorsey and Jim McKelvey to profit wildly, according to a report.
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