Canonical · Fraud & Short Cases · Presentation
Fooling Some of the People All of the Time (Allied Capital Short)
David Einhorn / Greenlight · 2002
"Allied Capital used aggressive accounting to overstate the value of its illiquid investments."
In 2002, David Einhorn publicly shorted Allied Capital, a private finance company, accusing them of systematically overvaluing their illiquid assets. When Einhorn exposed the fraud, Allied retaliated with a vicious smear campaign rather than answering the financial questions.
Read more about the topic
Up NextSuggested: Continues the theme of Fraud & Short Cases
Nikola: How to Parlay an Ocean of Lies
"Nikola is an 'intricate fraud' built on false claims about its technology, including a truck rolling downhill in a video."
Hindenburg Research · ReportContinue→