WSJ Gives Anderson and Hindenburg Rock Star Treatment:
"Nathan Anderson started publishing skeptical articles about companies in 2017. Within months, he was sued, ran out of money and couldn’t pay his bills. Fielding eviction notices, Mr. Anderson says that he and his pregnant fiancée were told to vacate their cramped, two-bedroom apartment in Upper Manhattan.
“I was broke, and it was bad,” he recalls...."
‘There were points along the way I had to question our own sanity,’ says Mr. Anderson, who was nervous as he published his Nikola report..
"Starting around 2014, he developed a network of like-minded individuals eager to uncover questionable investment firms. He submitted whistleblower complaints to the government, hoping to score rewards that sometimes accrue to those who identify wrongdoing. Harry Markopolos, the fraud investigator who tried to warn authorities about Bernard Madoff’s Ponzi scheme and more recently has profited from whistleblower complaints related to alleged bank misdeeds, became Mr. Anderson’s model, he says.
That strategy can involve a long and often fraught process. It can take years for whistleblowers to be paid by the government, if they ever are compensated.
“I was living in a run-down place in Inwood,” he says, referring to an area in upper Manhattan. “I wasn’t doing a great job paying my bills.”
"Mr. Anderson won’t say how much he has made shorting Nikola. “It’s been a big win,” he says. “We are short and still are short.”
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