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Short Seller Andrew Left Charged With Securities Fraud Scheme

Andrew Left SEC Citron Citron Research
The Department of Justice seals is seen during a news conference at the Department of Justice in Washington, Tuesday, May 16, 2023. A federal grand jury in California has charged activist short

A federal grand jury in California has charged short seller Andrew Left with multiple counts of securities fraud for a $16 million stock market manipulation scheme. Left, a former securities analyst, trader, and television commentator, faces charges including engaging in a securities fraud scheme, securities fraud, and making false statements to federal investigators.

Left operated under the name Citron Research, a platform known for publishing investment recommendations on companies such as Tesla, GameStop, Grand Canyon Education, and Peloton. As a short seller, Left profited by betting on stocks to decline in value.

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