U.S. jury finds investor Andrew Left guilty of securities fraud

Andrew Left, founder of Citron Research, arrives at federal court in Los Angeles, California, US, on Monday, July 7, 2025. Activist short seller Andrew Left is set to appear in federal court Monday in a securities fraud case that shook the industry a year ago, setting up a battle over investor tips and free speech. Eric Thayer | Bloomberg | Getty Images A U.S. jury found prominent investor Andrew Left guilty of securities fraud on Monday, the Justice Department said, in a blow to a divisive cohort of short sellers who have for years ‌goaded public companies in the U.S. and overseas with allegations of fraud and mismanagement. U.S. authorities charged Left in July 2024 , alleging he had manipulated the stock market and defrauded investors with misleading claims about his positions in multiple companies' shares, including Nvidia and Tesla , making at least $20 million in the process. Left, who runs Citron Research, denied the allegations and had pleaded not guilty. After two days of deliberations, however, the jury found him guilty of engaging in a securities fraud scheme and 12 of 16 other counts related to specific trades. It acquitted him of four other counts, a Justice Department spokesperson said, adding Left will be sentenced on August 31. An attorney for Left did not immediately answer a call seeking comment or a subsequent text message asking if Left would seek to appeal. …