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Hindenburg Research targets $4.6 billion Kazakh brokerage for allegedly helping Russian oligarchs evade sanctions

From cnbc.com

Hindenburg Research, the prominent short seller that’s bet against Jack Dorsey’s Block , Carl Icahn and electric vehicle startup Nikola , is now taking on a $4.6 billion online brokerage based in Kazakhstan. Freedom Holding Corp. was founded in Moscow in 2008, before later moving to Kazakhstan, and listed on the Nasdaq in 2019. After Russia invaded Ukraine early last year, U.S. sanctions essentially severed ties between American and Russian banks and companies. Freedom sold off its Russian business. But according to a report from Hindenburg on Tuesday, those ties remain tight. “We found that Freedom still does ... (full story)

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