Professional
Added to YB: 2025-03-14
Pitch date: 2025-03-12
XP [bearish]
XP Inc.
-25.92%
current return
Author Info
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Company Info
XP Inc. provides financial products and services in Brazil. The company operates XP Platform, an open product platform that provides clients to access investment products in the market comprising brokerage securities, fixed income securities, mutual, hedge, and private equity funds; derivatives and synthetic instruments; credit cards; loan operations/collateralized credit products; pension and social security funds, and life and travel insurance products; and other investment products comprising real estate funds, and equity and debt capital markets solutions, as well as wealth management services.
Market Cap
$51.9B
Pitch Price
$13.89
Price Target
N/A
Dividend
7.40%
EV/EBITDA
N/A
P/E
10.82
EV/Sales
N/A
Sector
Capital Markets
Category
N/A
XP’s (Nasdaq: XP) Entire Profits Are Dependent on What Insiders Call a 'Madoff-Like Ponzi Scheme'
XP short: Brazilian fintech running Ponzi scheme via Gladius fund (2,419% 5yr return). COEs funneled through fund, misrepresented as profits. Without Gladius/Coliseu, XP unprofitable. Insiders confirm scheme, call it 'Madoff-like'. Relies on growing inflows. High risk, predatory products pushed on retail. Regulator concerns, lack of transparency.
Read full article (10 min)