New York CNN —
Federal prosecutors in California on Friday charged prominent investor Andrew Left with multiple counts of securities fraud involving “a long-running market manipulation scheme” yielding at least $16 million in profit.
The Department of Justice said Left, the founder of Citron Research, “exploited his ability to move stock prices” using social media to amplify and exaggerate market reactions.
Left’s investing style is known as short-selling, a high-risk strategy that allows investors to bet against stocks they see as overvalued. Short-sellers, including Left, often present themselves as researchers sniffing out misleading or fraudulent businesses through
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