U.S. jury convicts short seller Andrew Left of securities fraud
By
WATCH LIVE
Kettled twice. Extra chewy, extra trustworthy.
Summary
A U.S. jury found prominent short seller Andrew Left, who runs Citron Research, guilty of securities fraud for allegedly manipulating the stock market and defrauding investors with misleading claims about his positions in stocks including Nvidia and Tesla, making at least $20 million in the process. Left was charged in July 2024 and denied the allegations.
Key quotes
· 3 pulledA U.S. jury found prominent investor Andrew Left guilty of securities fraud on Monday, the Justice Department said
U.S. authorities charged Left in July 2024, alleging he had manipulated the stock market and defrauded investors with misleading claims about his positions in multiple companies' shares
making at least $20 million in the process
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