Hindenburg Research has accused Nasdaq-listed Super Micro Computer Inc. of accounting manipulation, sanctions evasion, and undisclosed related-party transactions. The report, based on a three-month investigation, highlighted accounting issues involving $200+ million in improperly recognized revenue. Super Micro, previously delisted and fined by the SEC, allegedly re-hired executives involved in past violations. The report also pointed to $983 million in transactions with companies owned by the CEO's brothers and claims of exporting banned components to Russia, violating U.S. sanctions. Following these allegations, Super Micro's stock fell by nearly 8% on August 27.