Battery fires. Defective RVs. Price fixing. Poisoned water. The largest mortgage scandal since the financial crisis — now the focus of an Attorney General lawsuit and national class action.
Our investigations have taken us from the deserts of Argentina and the jungles of Peru to the smelters of Namibia and the ports of Vietnam; from secret factories in Xinjiang to covert ships full of grain stolen from Ukraine.
Our reporting from this first year has reached millions of people across our website, newsletter, and multimedia. It’s been picked up by Bloomberg, WSJ, FT, Reuters, CNBC, and dozens of other outlets. We’ve co-published with local newspapers from California to North Carolina.
But we don’t measure success by clicks, because we’re ad-free and free-to-read for everyone.
We measure success by the impact that follows our articles.
Litigation against wrongdoing. Corporate reform. Fired executives. Government investigations. False claims deleted. Fairer prices.
And it’s only the beginning.
As a testament to the newsroom’s work — and momentum across both our investment business and new litigation platform — Hunterbrook is thrilled to share we closed additional funding at a $100 million valuation, double that of our launch round, from an awesome group of mission-aligned investors.
So, in our second year, we’re scaling our newsroom and our impact.
Please send us:
The best investigators: we’re hiring.
The best stories: we’re here to run them down.
Read on for some of our favorite investigations so far — and the accountability that followed.
Mortgage Scandal
Just over a year ago, we launched with our investigation into United Wholesale Mortgage, the largest home lender in the country.
Misleading content promptly disappeared from UWM’s channels, including its Super Bowl ad. The company now faces a national class action by homebuyers alleging RICO violations — and last month, the Ohio Attorney General sued the company for the alleged “deceptive business practices” that our data-driven reporting exposed. Meanwhile, the CEO has been selling huge amounts of stock.
Defective RVs
We revealed what appears to be a widespread defect in Winnebago’s Grand Design RVs called frame failure, as well as the company’s efforts to cover it up through NDAs and buybacks. The investigation was widely covered, from Bloomberg to Fox. The company now faces multiple class actions by RV owners alleging fraud and safety issues. Winnebago is also the focus of a federal NHTSA investigation for the defect Hunterbrook exposed.
Toxic Namibian Water
Combining on-the-ground reporting in Namibia with satellite imagery, we found evidence the concerns of sick Tsumeb residents who claimed a nearby facility had potentially dangerous leaks and other risks to the environment. Dundee Precious Metals, which had struck a deal to sell the property to a Chinese miner, more than halved the price after Hunterbrook’s reporting.
Lethal Steelmaker
In October, we broke the news that faulty steel from Universal Stainless likely contributed to a fatal military crash. One of the gold star families is ultimately sued for wrongful death. Tragically, a worker has since died at a plant we’d flagged as dangerous. We have had productive conversations with the new owners about improving workplace safety and plan to continue reporting on whether there is progress toward that goal.
Those are just a few examples.
Several others:
ADM’s supply chain chief and head of operations resigned after we reported the food giant’s links to forced labor in Xinjiang and grain theft from Ukraine.
Hunterbrook revealed that TeraWulf — which marketed itself as a “zero-carbon Bitcoin miner — was (surprise!) almost definitely consuming much more than zero carbon. The company has since completely rebranded, removing once-prominent “zero-carbon” claims from its website, investor slides, and social media.
Timber company Catahua lost its permit to log a Peruvian rainforest after Hunterbrook highlighted the presence of indigenous communities surrounding the land.
Our reporting on the Vistra battery plant fire in Moss Landing found elevated levels of heavy metals in the soil — and helped spark a wave of national coverage on a community claiming to be stricken by illness. We published our latest update today, revealing Vistra has tried to avoid testing for the presence of forever chemicals in the aftermath of the fire.
We detailed questionable decisions by Restoration Hardware’s leadership that had left the company in a precarious financial position. RH then reported earnings that confirmed many of our findings. Its stock fell by more than half.
Following our investigation into its detox drink claims, Safety Shot is now a penny stock that rebranded as “Sure Shot” after disappearing from Amazon and apparently being investigated by the FDA.
The day after we ran our investigation into the egg industry, the Wall Street Journal reported a DOJ probe into egg pricing, confirming a scoop by The Capitol Forum. Since then, the price chart has looked like a meme coin rug pull:
Hunterbrook hasn’t just attacked wrongdoing.
We’ve also followed the facts to under-appreciated stories of companies doing the right thing.
One wild example is Evolv Technology, the weapons detection company.
We first investigated Evolv due to its sketchy deal with Eric Adams — one of many red flags that soon culminated in an accounting scandal and the firing of its CEO and CFO.
But when we spoke to the schools and stadiums that used Evolv’s technology, we heard a different story: Evolv was saving lives.
We published our deep dive into Evolv at the end of 2024. Now, the company is in the middle of an impressive turnaround. And over the past month, its tech stopped three firearms across three schools from the same school district.
We’re grateful for the time you have spent reading our work. Tell your friends to subscribe to our newsletter. And stay tuned for our next investigations. We’re just getting started.
— Sam
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