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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.
It's a 'Femininomenon': California's first women's sports bar, Watch Me!, has opened in Long Beach
The first women's sports bar in California, Watch Me!, drew a huge crowd on its opening day Friday as people came from all over Southern California to celebrate women's sports.
‘It’s just terrible. This is terrible’: Paradise, Magalia keeping eye on Park Fire
Paradise and Magalia residents are used to having fires that start far away impact them directly. In 2008, the Humboldt Fire impacted their town limits, burning 28,344 acres and destroying 85 structures. That fire was started by an arsonist on Highway 32 and burned across the Butte Creek Canyon. In...
Vitalant reports ’emergency’ shortage of Type O blood donations in California
(FOX40.COM) — A nonprofit is calling on all blood donors to give following a low donor turnout this summer. Vitalant, a nonprofit blood services provider, said it’s facing an “emergency shortage” of type O blood and the supply of it has dropped to an 18-month low. Type O is considered to be critical for patients […]
Don't feed the meter. Save money and buy a parking permit at these L.A. and O.C. beaches
If you're a frequent beachgoer, it would be cheaper to purchase a parking permit than to park on the street. Here are the cities in L.A. and Orange counties offering permits.
WILDCOAST Launches New Campaign to Promote Safe Whale Watching Practices
WILDCOAST announced Friday the launch of “Protect the Locals,” a new campaign dedicated to raising awareness and promoting safe whale watching practices in California and beyond. The Del Mar-based nonprofit’s campaign comes in the midst of a recent uptick in boats violating the Mammal Protection Act, which states...
I sold my car to a dealership for $53k to pay off a debt – they gave every excuse not to pay but still took the vehicle
ONE family was left fuming after a car dealership failed to pay them $53,000 but still took the vehicle. According to the family, they were planning on using the money to pay off debts. Jessica Haley and her husband, Brandon, said that in 2023, they sold their GMC Sierra Truck...
KCRA Weekend Roundup: Sacramento area things to do for July 26-28
SACRAMENTO, Calif. — Looking for things to do this weekend? Here's a list of events happening in Northern California from Friday, July 26, through Sunday, July 28. Before you head out the door, check the latest forecast here. Sacramento-area events. Black Cowboys Parade and Blues Festival. Yeehaw! The 2nd...
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