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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...
California’s $20 minimum wage leads 89% of fast-food restaurants to reduce hours
The minimum wage for fast-food workers in California jumped to $20 an hour on April 1, a $4 pay bump for 553,000 fast workers. However, restaurant chain owners raised concerns that the minimum wage increases would hurt their bottom line, and owners have cut workers’ hours, raised food prices, and even shut down some locations. […]
Meet the San Diego athletes at the 2024 Summer Olympics in Paris
About two dozen athletes from San Diego County are competing in the Summer Olympics that kicked off this week in Paris. State of play: Several athletes are making their Olympic debuts; others are looking to defend gold medals while representing their hometowns and Team USA in more than a dozen sports.
California date palm ranches reap not only fruit, but a permit to host weddings and quinceañeras
Small date palm ranch owners in Southern California's Coachella Valley have been petitioning for permission to host special events ranging from quinceañeras to weddings on their properties. The
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