Andrew Left, founder and CEO of Citron Research
Adam Jeffery | CNBC
Federal prosecutors have filed criminal charges against prominent short seller Andrew Left, accusing him of securities fraud for allegedly using his public platform to illegally profit from stock market manipulation activities.
Left and his firm, Citron Capital, were also separately charged in a civil fraud lawsuit by the Securities and Exchange Commission, alleging they “engaged in a $20 million, multi-year scheme to defraud investors by publishing false and misleading statements about their purported stock transactions.” Deceiving followers “suggestions”.
The U.S. Attorney’s Office in Los Angeles said Left, 54, a resident of Boca Raton, Florida, is expected to be tried in Los Angeles federal court in the coming weeks on 19 criminal indictments.
He declined to comment on the indictment or the SEC complaint.
-Additional reporting by CNBC Rohan Goswami
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