As the Justice Department investigates Super Micro Computer, the company faces serious allegations of accounting manipulation tied to a major short-seller report, impacting its stock.
In light of accusations from short-seller Hindenburg Research, Super Micro delayed its annual report, prompting an inquiry into its financial controls and accounting practices.
The DOJ's investigation is reportedly in the early stages, with the prosecutor seeking insights from those related to a whistleblower who accused Super Micro of financial misconduct.
Despite Hindenburg's claims about undisclosed transactions and compliance issues, Super Micro continues to deny any wrongdoing and defends its financial reporting accuracy.
#super-micro-computer #doj-investigation #accounting-manipulation #hindenburg-research #stock-market-impact
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