U.S. criminally charges Citron Capital’s Andrew Left for alleged market manipulation

U.S. authorities filed criminal and civil charges against prominent activist short seller Andrew Left on multiple counts of securities fraud for an alleged long-running market manipulation scheme, they said on Friday.

The SEC filed separate civil charges against Left and Citron Capital LLC over what it described as a $20 million scheme to defraud followers. But then Left and Citron Capital quickly reversed those positions to capitalize on stock price movements, they said.

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US sues Citron Capital and founder Andrew Left for alleged market manipulationLeft used his social media platforms on at least 26 occasions to publicly recommend taking a position in companies, only for him to reverse his firm's...
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