Citron Research Founder Andrew Left Convicted of Stock Manipulation

Andrew Left, founder of the well-known short-selling firm Citron Research, has been found guilty of manipulating stock prices through dishonest social media posts, according to ChainCatcher. A Los Angeles jury convicted Left on 13 out of 17 charges, including securities fraud, following a three-week trial. Prosecutors accused Left of illegally influencing stock prices with explosive tweets about dozens of companies from 2018 to 2023, earning over $20 million in the process. Left announced his intention to appeal, arguing that the verdict is an attack on free speech and innocent trading activities. He faces more than 20 years in prison, with sentencing scheduled for August 31. The case has drawn significant attention from the short-selling industry, with a Yale University professor noting that the verdict could have a chilling effect on short sellers.