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Federal grand jury charges short seller Andrew Left in $16M stock manipulation scheme
A federal grand jury in California has charged short seller Andrew Left with multiple counts of securities fraud for a $16 million stock market manipulation scheme. The Department of Justice said in a statement on Friday that Left, who was a securities analyst, trader, and guest commentator on television channels including CNBC and Fox Business, is charged with one count of engaging in a securities fraud scheme, 17 counts of securities fraud, and one count of making false statements to federal investigators. As a short seller, Left would make money betting stocks would fall. The Justice Department said that Left conducted business under the name Citron Research, which had a website that published investment recommendations. He published research on companies ranging from Tesla and GameStop to Grand Canyon Education and Peloton. If convicted, Left faces a maximum penalty of 25 years in prison on the securities fraud scheme count, 20 years in prison on each securities fraud count, and five years in prison on the false statements count.
Former L.A. mayor looks to become first Latino governor of California in more than a century
Former Los Angeles Mayor Antonio Villaraigosa has announced his candidacy for the 2026 California gubernatorial election. Villaraigosa, 71, previously ran for governor in 2018 but finished third in the primaries. The election was won by then-Lieutenant Governor Gavin Newsom. If elected, Villaraigosa would become just the second Latino governor of...
More than 1,000 unearthed emails stall Mendocino County auditor’s criminal case
Proceedings in the criminal trial of Mendocino County’s suspended auditor could be delayed indefinitely while attorneys review thousands of internal administrative emails once believed to be inaccessible. The emails need to be reviewed to determine which, if any, are relevant to Chamise Cubbison case in Mendocino County Superior Court, where prosecutors have charged her with misappropriation ...
Man dies after jumping from Noyo Bridge
FORT BRAGG, CA > > Both the Fort Bragg Police Department and the County Sheriff’s Office released accounts today of an incident leading to the death of a 59 year-old unidentified man from Ukiah. On July 25, 2024, at approximately 2:41 p.m., Fort Bragg police officers were dispatched to...
Covelo man wants to withdraw guilty plea in girlfriend’s killing
A Covelo man is trying to withdraw his guilty plea in the fatal shooting of his girlfriend, who was killed in March while on the phone with 911 dispatchers. Johnathan Draughan, 43, was set to be sentenced Friday in Mendocino County Superior Court after pleading guilty June 21 to killing Brandy Kay Mathieson, 35. Proceedings instead focused on the withdrawal of his plea and Mendocino County ...
California Governor Gavin Newsom Asks Oakland to Allow Police to Pursue Criminals
Gov. Newsom urges Oakland to change strict policy on police pursuits. California Governor Gavin Newsom is asking the city of Oakland to revise its decade-old police pursuit policy that dramatically limits police chases. Newsom said criminals are fleeing without fear because they know police won’t chase them. El gobernador...
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