Federal prosecutors charge Andrew Left, founder of Citron Research, with stock price manipulation for personal gain.

Famed short seller Andrew Left has been charged with fraud by federal prosecutors who allege that he manipulated stock prices for his own financial benefit. According to the Wall Street Journal report, Left, founder of Citron Research, used his influence to manipulate stock prices in his favor and would publicize his bets, set ambitious price targets, and then quickly close his positions once his statements had affected the market. The indictment asserts that Left’s appearances on cable news networks and his social media posts amplified the effects of his reports, leading others to follow his investment moves.

July 26, 2024
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