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US sues Citron Capital and founder Andrew Left for alleged market manipulation

  • Federal prosecutors charged Andrew Left with securities fraud, involving a market manipulation scheme that reportedly generated at least $16 million in profit.
  • The Department of Justice stated that Left, founder of Citron Research, used social media to manipulate stock prices.
  • Left faces one count of engaging in a securities fraud scheme, 17 counts of securities fraud, and one count of making false statements, with severe potential penalties.
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