A federal jury in Los Angeles convicted Citron Research founder Andrew Left on multiple counts of securities fraud. Prosecutors proved Left manipulated stock prices through a multi-year scheme to mislead investors for personal gain.
Left publicly issued price targets for companies including Nvidia and Tesla while privately executing trades that contradicted his statements. This scheme generated more than $20 million in illicit profits between 2018 and 2023.
Left faces a maximum sentence of 25 years in federal prison. The court scheduled his sentencing for August 31, 2026.