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U.S. Charges GameStop Short-Seller Andrew Left And Citron Capital With Fraud

Left is accused of allegedly generating about $20 million by misleading investors.

www.forbes.com

Left allegedly used his company and posts on social media platforms to publicly recommend taking long or short positions in 23 companies—including Roku, Meta and Nvidia, among others—on at least 26 occasions, before reversing his position in those companies as soon as shares jumped, the SEC claims.

Left is charged with one count of engaging in a securities fraud scheme, 17 counts of securities fraud and one count of making false statements to federal investigators, the Justice Department said.

If convicted on each count, Left faces a maximum sentence of 370 years in prison, according to the Justice Department.

The SEC, which filed a separate complaint against Left, charged him and his venture capital firm Citron Capital with violating antifraud provisions of federal securities laws, a charge that would require Left to return all funds he allegedly obtained illegally and pay an additional, unspecified penalty if found guilty.

 

[mitch1971]

What's his height got to do with it?

 

[Robb]

Maybe he can get out after 200 years with good behavior.

 

[diffusionx]

The fact that this shitty obsolete retailer just BTFO these scumbag short shellers and Robim Hood is such a great story. Reading the Wikipedia of this guy, i don’t see how our financial markets are well served by having his participation. he’s a crook and always has been.

 

[Buggy Loop]

The first of many coming up assuredly

They already have him linked with an hedge fund, there’s more in the pipeline to make this fraud work