Citron Research

Andrew Left, a short seller and securities analyst, was convicted by a federal grand jury in California of participating in a securities fraud scheme and 12 counts of securities fraud. The Justice Department alleges he manipulated stock prices by publishing sensationalized research and social media posts targeting retail investors. Left, who operates under Citron Research, faces up to 25 years in prison and is scheduled for sentencing on August 31.

Andrew Left, a short seller and securities analyst, was convicted by a federal grand jury in California of securities fraud. He was accused of manipulating stock prices through Citron Research by publishing sensationalized commentary on companies like Tesla and GameStop to profit from retail investors. He faces up to 25 years in prison and plans to contest the conviction.

The founder of Citron Research was found guilty of using his public platform to manipulate stock market activity through media campaigns and trading opposite to the position he presented to the public.

Andrew Left, founder of Citron Research, testified in a U.S. federal court that his trading activities aligned with his public comments. The U.S. Justice Department's case against him focuses on whether his statements of opinion about companies constitute market manipulation.