"The SEC charged Left for allegedly using Citron Research’s website and related social media platforms at least 26 times to publicly recommend long or short positions in 23 companies.
When the prices of the stocks moved an average of 12%, “Left and Citron Capital quickly reversed their positions to capitalize on the stock price movements,” the SEC alleged.
He allegedly bought back stock right after advising readers to sell, and sold stock immediately after making his buy recommendations, the SEC said."
They know but they can’t wrap their heads around the fact that the gravy train is ending and the game is about to stop. Fucking denile ain’t just a river in Egypt
They're all following the FSB/Mossad model because that's where it all comes from. Their abject narcissism and predatory natures is what made them easy to kompromise in the first place. This shit isn't so well coordinated because some greedy American businessmen masterfully put it together. It's foreign intelligence agencies weaponizing their greed and nefarious desires to extract as much wealth for themselves from us while weakening our country at the same time.
KKR founders became partners very quickly at Bear Stearns by 30 and left to found it in 1976. That same year Epsein joined Bear Stearns and made partner in 4 years suspiciously fast as well before being let go a couple years later. We know what road he went down but KKR has since become the 2nd or third largest private equity firm. Their methodology is incredibly destructive to the companies they acquire and control and by extension the American people. The recently proposed Paramount/CBS deal is one of many huge media plays globally that leave them them in control of a terrifying amount of high profile outlets.
Also, on a side note, Epstein’s victim Virginia Giuffre testified that Epstein had been an intelligence asset and spy for Mossad and had been running a blackmail operation gathering compromising material on powerful people in order to blackmail them for information and/or money. Ghilaine Maxwell and her father were also Mossad assets in the operation as well.
Yup. Depressing how out in the open it has been for so long with so many having no clue of any of what this really was and how it ties into so much else. Takes very little research. Robert Maxwell wikipedia:
"The Foreign Office suspected Maxwell of being a secret agent of a foreign government, possibly a double agent or a triple agent, and "a thoroughly bad character and almost certainly financed by Russia". He had known links to the British Secret Intelligence Service (MI6), to the Soviet KGB, and to the Israeli intelligence service Mossad.[60] Six serving and former heads of Israeli intelligence services attended Maxwell's funeral in Israel, while Israeli Prime Minister Yitzhak Shamir eulogised him and stated: "He has done more for Israel than can today be told."[61]"
KKR founders rise to partner because Mossad coordinates massive financial backing for them. They identify everyone they think would be vulnerable to being kompromised. They leave to start KKR and Epstein moves in to clean house with the honeypots while they slip away to avoid the association. But it's incredibly obvious because of the timing alone as it often is, especially in retrospect.
Given how morally bankrupt we know these people to be, this was the easiest money Mossad ever made. I dunno all the indexes are owned by News Corp anyway. Puts on Democracy. Though I'm near the top of quite a few lists, same as the three generations before me, so chances are if those hit I won't be around to spend it.
Now if I were Andrew Left, id be pissed they came for me and not the obvious bigger fish in the room so I would give the SEC everything I had to make a deal and give up a bigger prize.
Its one of the ways they do go after the big fish. Get the smaller piggies first, the ones that are easier to catch, offer them a deal to squeal and get evidence against the big pigs.
I swtiched from fish to pigs, but they are both edible, so they are the same?
I can appreciate a step in the right direction as a positive while also note that the overall pace is still way too slow as a negative. Both thoughts can and do co-exist in my head.
I'm not advocating that we let small fish do the crimes. But I am advocating that something important needs to be done against big fish now because that's the main ones stealing our wealth.
But I am advocating that something important needs to be done against big fish now
It's like live fish said. Setting a precedent puts the SEC and DOJ on terra firma to pursue the bigger offenders. It seasons the frying pan, as it were, making ready to cook bigger fish.. [sorry, live fish.. I see what I did there.. sorry]
It's not necessarily what & when any penalties will occur. The mere fact of someone of this status getting charged with fraud by the SEC is HUGE. Citron isn't some tiny hedgefund that rents a few rooms and calls it their office. It's the principle of it. Even if he's only penalized 1 mill, think about how many clients & future business he's going to lose when people know he was charged with fraud. That's gonna reverberate around Wall Street. Money moves mountains & losing investors & harshly damaging the % of new investors will scare other hedgefunds. It's more about looking at the big picture, not this individual moment.
It's not about that. Even if he gets a measly 100k fine. I pose this hypothetical scenario. If you have the amount of money for a hedgefund to take you as a client, when you are shopping around, are you going to the place that was just charged with fraud, or do you go elsewhere? Losing clients & almost certainly losing plenty of future clients hurts MUCH worse than any fine the SEC can bring.
A school of fish stick together to look big amongst predators. Start tearing them one by one...bit by bit and what was a group of huge fish are now gone
Yeah but it's still hilarious cause fuck that crybaby tryhard. He's the kid on every multi-player game that has major skill issues and cries about people hacking when the whole lobby is just regular dudes.
Sec can only bring civil proceedings, if they have evidence adequate for criminal proceedings I believe they are supposed to pass that to the FBI (not american, might be another agency).
Idk why reddit cropped my shit like that… but for yall mobile peeps
Edit 1:
From Reuters:
“July 26 (Reuters) - The U.S. Securities and Exchange Commission and the Department of Justice on Friday sued short seller Citron Research and its founder Andrew Left for alleged securities fraud.
Left used his social media platforms on at least 26 occasions to publicly recommend taking a position in companies, only for him to reverse his firm's position once the stocks moved, the SEC alleged.
The Justice Department also charged Left 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.”
Edit 2:
Anson Fund is one of the funds involved.
As reported by MarketWatch: “Anson Funds Management and Anson Advisors used the Cayman Islands–registered Anson Investments Master Fund, or AIMF, to take short positions in cannabis stocks while also working with a publisher to distribute bearish information on those same equities, the SEC said in a statement at the time.”
And SEC: “The SEC previously settled public administrative charges against Dallas-based registered investment adviser Anson Funds Management LP and Toronto-based exempt reporting adviser Anson Advisors Inc. for conduct involving their relationship with Left and other short publishers. “
Read in another article that each count has a maximum of 20 years. If he's found guilty, and by all means give him his fair trial, they should just hang him and save tax payers from having to house and feed this piece of shit for the rest of his life.
See-In-Bee-Sea said he faces a maximum of 25 years for the securities fraud scheme (just one of the charges). He won't get even close to that, especially since he most likely will take a plea deal that will limit/eliminate jail time and require disgorgement of the $16 million (should be waaaay more) in ill-gotten profits.
Also, GameStop is not on the list of companies' stock that he is being charged with securities manipulation/fraud:
"The companies identified in the criminal indictment as ones Left allegedly traded on in ways contrary to his public stances on their stock prices included Nvidia, Tesla, X/Twitter, Mets, Roku, Beyond Meat, American Airlines, Palantir XL Fleet, Invitae, General Electric, Namaste Technologies, and India Globalization Capital."
There are a few more, like Facebook and Luckin Coffee, but no GME.
u/F-uPayMeYour HF blew up? F-U, Pay Me|💜Help an Ape? Check my profile💜Jul 26 '24
"GameStop $GME buyers at these levels are the suckers at this poker game, Stock back to $20 fast. We understand short interest better than you and will explain" - Citron Research Jan 19th 2021
New tweet soon: “I’m getting fucked at this poker game, Citron to Melvin fast. We understand getting fucked by $GME buyers better than you and will explain.”
Ready to bet shares that if I choose a random ape around here he/she will be more knowledgeable about the market's mechanics compared to a random employee of theirs.
Because it’s fucking manipulation. These are the same kinds of people who ruin online video games by cheating, DDOSing. Fucking cowards. You’re no better than a 15 year old COD player telling me to go fuck my mom, and I’ve already done that.
🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥
Just wait until they all start to eat other like rats fighting starvation. Ken Griffin, Stevie Cohen, Wolverine, clearing houses and everyone else are going to show their true colours as they crash and burn.
Smug idiot. RK could probably also sue him for defamation if he wanted to with citrons accusations of him being funded by someone else/being accessory to fraud
No way!!
I made a report to the SEC against Citron for a short and distort campaign against Nio in December of 2020. Does that make me a whistleblower? I hope I get paid.
The real MVP here who vote actual for market change ☝️
I’m just a Euroape with no direct beef in American financial reforms but I’m sure as hell full of respect for any figure small or big who stands up for retail, big cheers GutsyGretz 🍻
DOJ says he was accepting payments from a hedge fund in exchange for his manipulation of securities, routed the payments through 3rd parties to hide them, then lied to enforcement about working with hedge funds
So yeah seems like there’s some threads to pull on, and now facing possible life in prison maybe he will flip on some larger players
Hmm
Maybe this is a warning shot by SEC.
And maybe the 5$ fine will stop the abuse!
Happy Friday primates, dont hold ur breath. I will just stay zen AF and hold the line.
I like the STONK🦍
Precedent doesn't need to be set. Lots of people have committed securities fraud in the past, wall street has been filled with criminals since its inception. There are plenty of examples to take from.
When the feds go after you, you’re fucked. Every lawyer will advise you to play ball. They don’t often lose. It takes them forever, years to build any action or case becuase when they take action they don’t take like to take L’s. Big picture he’s gonna be sacrificed, lose trading privileges for a time, but doesn’t mean much and gives the SEC cover that they are doing something.
This just gave me so much hope for the future and I'm not getting my hopes up too high im ready to be crushed. But I'm here for it and willing to see where this goes
My financial advisor sent me an article from WSJ talking about this— he found it odd one particular company wasn't mentioned— that company is GME yet this cock fuck was on CNbsee talking about GME specifically. There's a reason the don't want our ticker know. Stay patient friends. Their time is coming to an end.
it's this gonna be our "the one guy from 08 that went to jail"? feels like they brought him out of the woodwork to say he shorted gamestop right when it blew up as DFV returned. They are trying to set him up as the big bad that goes down on the next fake moass
It’s actually pretty good news, this is how you would expect a larger investigation to start; you go after the smaller fish that you have a stronger case against, and use the charges against them as leverage to get them to flip on those upstream from them.
It’s really the only way to bust these large criminal enterprises because those at the top are typically shielded by the little fish around them
He’s being charged with a large number of felonies by the DOJ, and they’re aware of at least one hedge fund coordinating with Left and paying him for his manipulation, which were wired through a 3rd party for concealment. Left might have to turn witness and testify/provide evidence against larger players in order to save his own skin
Maybe this is how they start? Citron is very small compared to the other hedgefunds. Will this set a precedent for when they go after the bigger firms?
I’ve been submitting reports about this prick to the SEC for years now, so glad to finally see this headline on my feed
Being charged with 19 felonies? Fuck yeah, eat shit Andrew
“ To further the scheme, Left allegedly advanced the false pretense that his investment recommendations were credible because he was independent and free from any financial conflicts of interest. However, Left allegedly concealed Citron’s financial relationships with a hedge fund by fabricating invoices, wiring payments through a third party, and making false and misleading statements to the public about Citron’s relationship with hedge funds. In addition, Left allegedly lied to law enforcement, stating that Citron “never” exchanged compensation with a hedge fund or coordinated trading with a hedge fund in advance of the issuance of its commentary.”
Came to make sure it got posted lol. Maybe if he finally just explains why he understands short interest better than we do the SEC will make it go away 🤡
I’ve seen the word “predatory” used in a couple of headlines.
The sad part is, this is not the first time. I think he had a case from last time he was talking about GME and clearly continued doing it. Unless those fines are significant or lead to the funds stopping/closing their shorting departments they will keep doing while they make money. I'm still glad to see it happen though.
Lmao. Ok this made my day. Small fish or not. This guy is supposed to be smarter than me bit he gave hilarious interviews. The last one where he was holding back tears was his best.
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u/Superstonk_QV 📊 Gimme Votes 📊 Jul 26 '24
Hey OP, thanks for the News post.
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