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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.
US Environmental Protection Agency Awards Millions for Hempcrete Development
The United States Environmental Protection Agency (EPA) has awarded a grant of approximately $6.2 million to the Nashville-based nonprofit Hemp Building Institute. The grant will support the development of hempcrete, a sustainable building material made from hemp. This funding is part of the EPA’s broader $160 million initiative to promote environmentally friendly technologies across various industries.
Big rig crash causes delays on Highway 99 in Ripon
RIPON, Calif. — All southbound lanes of Highway 99 were closed near Ripon after a big rig crash on Friday afternoon, officials said. According to the California Highway Patrol, the crash involving a big rig and at least three other vehicles was reported around 2:10 p.m., near Jack Tone Road.
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...
Gem Faire to shine in Sac
SACRAMENTO — Gem Faire, America’s Premier Jewelry & Bead Show, returns to Sacramento Aug. 2-4, at Scottish Rite Center. Explore the largest selection of fine jewelry, crystals, gemstones, beads, minerals, earth’s treasures and much more. Take advantage of buying directly from the importers and wholesalers. From loose gemstones, raw minerals and millions of bead strands, to finished jewelry, fashion accessories, jewelry supplies and tools, find them all under one roof. Jewelry repair, cleaning and ring sizing service are available while visitors shop. Enjoy displays and demonstrations by Sacramento Mineral Society all weekend long.
SCOTUS Justice Elena Kagan calls for ethics enforcement mechanism
A day after President Biden used an Oval Office address to promise Supreme Court reform, liberal Justice Elena Kagan urged ethics reforms, with a concrete enforcement mechanism. At the Ninth Circuit Court’s annual judicial conference in Sacramento, California, the Justice answered a question on the difficulties of enforcing an ethics...
Sacramento Banana Festival returns for 13th annual edition
The Sacramento Banana Festival is returning for its 13th edition, featuring a weekend of multicultural performances, artisan vendors, contests, games, and banana-inspired food, with proceeds benefiting the National Academic Youth Corps.
Sen. Hurtado says 'yes' to Proposition 36, breaks with Democrat leadership in Sacramento
BAKERSFIELD, Calif. --- (KBAK/FOX58) Central Valley State Senator Melissa Hurtado (D-16th District) is coming out in support of Proposition 36. The lawmaker is bucking Democratic party leadership in the state capitol which has been looking for alternative methods to address homelessness, theft, and drug use. "I think Prop 36 is...
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