Andrew Left, founder of Citron Research and a high-profile short seller, was
convicted by a U.S. federal jury in Los Angeles on securities fraud charges on
Monday following a three-week trial and two days of deliberation. Prosecutors
said Left used “explosive” social-media posts to move the share prices of dozens
of companies and profited roughly $20m from those trades between 2018 and 2023.
The verdict is a DOJ win in a white‑collar case brought during Trump’s
presidency, though the investigation began under the Biden administration;
during Trump’s term many similar prosecutions were dropped and some convicted
defendants received pardons.
