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

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Activist short seller Andrew Left faces multiple counts of securities fraud for an alleged long-running market manipulation scheme

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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