XP Inc. (XP) Faces Scrutiny After Short Seller Alleges Company Operates A "Madoff-like" Ponzi Scheme - Hagens Berman

SAN FRANCISCO, April 8, 2025 /PRNewswire/ -- On March 12, 2025, investors in XP Inc. (NASDAQ: XP), who purports to be "a leading, technology-driven platform and a trusted provider of low-fee financial products and services in Brazil," saw the price of their shares decline over 5% after a short-seller published a report titled "XP's (Nasdaq: XP) Entire Profits Are Dependent on What Insiders Call a 'Madoff-Like Ponzi Scheme.'" Prominent investor rights firm Hagens Berman is investigating the allegations and u ...