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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...
Alison Chao’s father arrested by Monterey Park police
The father of a 15-year-old girl whose missing persons case made national headlines has been arrested and faces possible charges of child abduction, conspiracy and falsifying a police report. On Friday, the Monterey Park Police Department announced that Jeffery Chao was arrested following an “extensive investigation.” Chao’s daughter, Alison, was reported missing on July 16 […]
19-year-old suspected of committing 2 murders in the span of a week, Long Beach police say
Police allege a 19-year-old shot his friend to death in a Long Beach hotel last week and then killed another man he knew in a North Long Beach garage on Tuesday. The post 19-year-old suspected of committing 2 murders in the span of a week, Long Beach police say appeared first on Long Beach Post.
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