The Bad PlaceUS Top News and Analysis | U.S. jury finds investor Andrew Left guilty of securities fraud
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A U.S. jury found short‑seller Andrew Left, founder of Citron Research, guilty of securities‑fraud conspiracy and 12 related counts after a 15‑day trial, marking a rare conviction of a high‑profile activist investor. Prosecutors said Left manipulated markets by publicly promoting stock‑short positions—such as those in Nvidia and Tesla—while secretly closing them to profit, allegedly misleading retail investors and coordinating with hedge funds through hidden communications and fake invoices. Left, who also took long positions, denied any wrongdoing, maintaining that his statements were truthful and vowing to appeal while defending his actions as protected free‑speech. He faces up to 25 years in prison on the fraud‑scheme charge and up to 20 years on each additional fraud count, with sentencing scheduled for August 31.
Read more: https://www.cnbc.com/2026/06/02/us-jury-finds-investor-andrew-left-guilty-of-securities-fraud.html
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