Short Seller Andrew Left Found Guilty of Securities Fraud

Source: Bloomberg

Short Seller Andrew Left Found Guilty of Securities Fraud

Erik Larson
Mon, June 1, 2026 at 9:19 PM AST 5 min read

(Bloomberg) -- Andrew Left, one of the world’s most prominent short sellers, was found guilty of securities fraud by a federal jury after a landmark trial that scrutinized his use of social media to move the price of stocks.

The founder of Citron Research was convicted on 13 of the 17 counts Monday after a three-week trial in Los Angeles. He was accused of using explosive tweets about dozens of companies to illegally influence their shares and make a quick profit. Prosecutors said he earned more than $20 million from such trades from 2018 to 2023.

“I think the jury got it wrong,” Left said outside the courtroom. “Obviously, this is not the end of the road for us,” he said, hinting at an appeal.

Left faces more than two decades behind bars at an Aug. 31 sentencing hearing, though criminal defendants frequently get less time. He’ll remain free until then.

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Read more: https://finance.yahoo.com/news/short-seller-andrew-left-found-guilty-of-securities-fraud-003055313.html