top of page

FRAWD RESEARCH:
THE MATH DOESN'T LIE. 
NEITHER DO WE

We expose structural fraud in financial products — and publish open models that prove it.

At Frawd Research, we produce forensic analysis, transparent models, and verifiable evidence on leveraged and inverse ETFs (LETFs). The goal: to help regulators, journalists, litigators, and investors cut through complexity and see the truth in plain sight.

Models and Dashboards:

Man in the Mirror / Double Down

Model Design + Backtest

​

Inputs → Rules → Outputs

​

  • Quarterly rebalancing; top‑up rule

  • Target: high Sharpe, low beta

  • Pairs like  SOXL/SOXS, GDXU/GDXD, NUGT/DUST

Methodology (Book)

Day Late-Dollar Richer (DLDR)

Flow strategy

 

Inputs → Rules → Outputs

​

  • Trade 1/100,000th of share delta

  • Issuance = short ; redemption = buy

  • FIFO covers; NAV execution in backtest

  • Live Tracking $SQQQ

White Paper - SSRN

FRAWD Model Portfolio

Live tracking

​

Inputs → Rules → Outputs

​

  • Signals → trades → cumulative P&L

  • Real Pricing + Tracking

  • Independent replication encouraged (paper trade)

  • 14-24 LETFs 

Math Proof - SSRN
bottom of page