Well-known short seller Andrew Left has been charged criminally by federal prosecutors with securities fraud in connection with his alleged improper use of his public platform to profit from manipulating stock market action.
The Securities and Exchange Commission also brought separate charges against Left and his company Citron Capital in a civil fraud action.
The charges charged them with “engaging in a $20 million multi-year scheme to defraud followers by publishing false and misleading statements regarding his supposed stock trading recommendations.”
Source (CNBC)
