Dec 15, 2021 โ€ข 36M

Tecnoglass TGLS Cocaine Cartel & Fraud? Hindenburg Research

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๐—ก๐—ฒ๐˜„๐˜€๐—น๐—ฒ๐˜๐˜๐—ฒ๐—ฟ ๐—ฒ๐—ฑ๐—ถ๐˜๐—ถ๐—ผ๐—ป:

Today we're going to take a look at the latest from Hindenburg research. Their report on Tecnoglass (TGLS) has taken over 30% of their market cap.

The accusations go from drug cartel connections to fraud.

- Tecnoglass is a Colombia-based producer of glass for residential and commercial buildings founded in 1984 by two brothers, Jose Daes and Christian Daes, who currently both serve as directors and CEO & COO, respectively.

- In 1996, U.S. criminal prosecutors filed charges against Jose and Christian Daes, the current CEO & COO of Tecnoglass, alleging the two served as โ€œmanagers and operatorsโ€ of the Cali cartel, helping smuggle weapons and more than 200 tons of cocaine, and laundered money. Warrants were issued for CEO Jose Daesโ€™ arrest and he was declared a fugitive.

- In 2004, Tecnoglassโ€™ current CEO Jose Daes was shot in the head and neck during a botched assassination attempt, later attributed to a right-wing paramilitary warlord who believed Daes was taking too many corrupt contracts from the local mayor.

- In December 2013, Tecnoglass went public via a SPAC, cycling through 3 auditors within roughly a 1-year span. Auditors specifically flagged material weaknesses relating to identification and reconciliation of related party transactions.

And much more.

๐Ÿฌ% ๐—ฐ๐—ผ๐—บ๐—บ๐—ถ๐˜€๐˜€๐—ถ๐—ผ๐—ป ๐—ผ๐—ป ๐˜€๐˜๐—ผ๐—ฐ๐—ธ๐˜€:

โ–ฌ Contents of this video ย โ–ฌโ–ฌโ–ฌโ–ฌโ–ฌโ–ฌโ–ฌโ–ฌโ–ฌโ–ฌ

0:00 - Tecnoglass TGLS intro

3:15 - Hindenburg Reportย 

4:22 - Cali Cartel Connectionsย 

5:21 - Tecnoglass CEO assassination attempt

9:20 - Corporate Shell Entities

23:10 - Chicken Farmย 

26:50 - Tecnoglass response

๐—ฆ๐—ถ๐—ด๐—ป ๐˜‚๐—ฝ ๐˜๐—ผ ๐—ฎ๐—ฐ๐—ผ๐—ป๐—ผ๐—บ๐—ถ๐—ฐ๐˜€ ๐—ก๐—ฒ๐˜„๐˜€๐—น๐—ฒ๐˜๐˜๐—ฒ๐—ฟ:


๐—™๐—ผ๐—น๐—น๐—ผ๐˜„ ๐—ฎ๐—ฐ๐—ผ๐—ป๐—ผ๐—บ๐—ถ๐—ฐ๐˜€:







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๐Ÿ“๐—–๐—ผ๐—ป๐˜๐—ฎ๐—ฐ๐˜ ๐—œ๐—ป๐—ณ๐—ผ๐—ฟ๐—บ๐—ฎ๐˜๐—ถ๐—ผ๐—ป ๐—ณ๐—ผ๐—ฟ ๐—”๐—ฐ๐—ผ๐—ป๐—ผ๐—บ๐—ถ๐—ฐ๐˜€ & ๐—Ÿ๐—ถ๐—ฎ๐—ฏ๐—ถ๐—น๐—ถ๐˜๐˜† ๐——๐—ถ๐˜€๐—ฐ๐—น๐—ฎ๐—ถ๐—บ๐—ฒ๐—ฟ:

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