SAN FRANCISCO, Jan. 03, 2023 (GLOBE NEWSWIRE) — Hagens Berman is pushing DLocal Limited DLO Investors who have suffered significant losses Submit your losses now.

Visit: https://www.hbsslaw.com/investor-fraud/DLO
Contact a lawyer now: DLO@hbsslaw.com
844-916-0895

DLocal Limited DLO Investigation:

In the past, DLocal has touted its Total Processing Volume for Merchant Clients (“TPV”) metric as “an operational metric of the total value of all payments successfully processed through our payments platform,” claiming “we believe TPV is an indicator of the success of our global distributors, the satisfaction of their end users, and the size and growth of our business,” repeatedly highlighting TPV’s growth in previous financial reports.

But on November 16, 2022 Muddy Waters Capital published a scathing report concluding that “DLO is likely a scam” and “[w]We also have concerns about disclosure and control of client funds.”

muddy water alleges that “DLO has made repeated disclosures about its TPV and claims that flatly contradict each other.” muddy water further asserted: (1) “[t]there is also a contradictory discrepancy between the liabilities and receivables of two important subsidiaries;” (2) “[t]These types of seemingly innocuous misstatements are often indicative of fake books, as once you start manipulating them it can become quite tiring to keep the numbers straight;” (3) “There are clear problems with DLO’s disclosures about its TPV, which increases our concerns about DLO’s earnings and finances;” and (4) “we are concerned that DLO has overstated its earnings.”

Additionally, muddy water wrote of client money controls that “DLO may have dipped into client money to pay insiders.”

In response, DLocal’s stock price plummeted over 50% in a single trading day.

“We are focused on investor losses and whether DLocal has trimmed its books,” said Reed Kathrein, the partner at Hagens Berman who is leading the investigation.

If…