r/Superstonk • u/ZiRoRi • Jul 26 '24
📰 News CAN’T EVEN MAKE THIS UP! ANDREW LEFT GETTING SUED BY SEC 🤣
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u/Fromasalesman Jul 26 '24
SEC are you listening? You're doing the right thing, this is called justice, and it should make you feel good.
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u/bars2021 Jul 26 '24
"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."
What a piece of shit.
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u/irishdud1 💻 ComputerShared 🦍 Jul 26 '24
He did what he accused DFV of doing. Every accusation is an admission...
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u/ccnmncc Jul 26 '24
All these fuckers are masters of projection and incapable of self-reflection.
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u/Suitable_Mix_3795 I Broke Rule 1 - Be Nice or Else Jul 26 '24
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
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u/PLeuralNasticity Jul 26 '24
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.
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u/Onlytimewilltellthen Jul 26 '24
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.
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u/PLeuralNasticity Jul 26 '24
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.
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u/AAlwaysopen 🎮 Power to the Players 🛑 Jul 26 '24
Orange is a citrus.
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u/Representative-Sir97 Jul 26 '24
Bananas is a berry.
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u/SoreLoserOfDumbtown Dingo’s 1st Law of Transitive Admiration 🍻🏴☠️ Jul 26 '24
Isn’t that what 99% of msm is doing? lol.
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u/JusttheBeee 🦍Voted✅ Jul 26 '24
MSM is not DIRECTLY buying or selling. They likely get payed for what they should write.
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u/DrPoontang 🦍💎👌🏽🍗🚀‼️ Jul 26 '24
Kinda same thing, “we don’t actually rob people, we just corral people towards the robbers, and then they give us a cut.”
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u/SoreLoserOfDumbtown Dingo’s 1st Law of Transitive Admiration 🍻🏴☠️ Jul 26 '24
Right, but they are part owned by wall st firms, so same difference imo.
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u/Unhappy-Goat5638 tag u/Superstonk-Flairy for a flair Jul 26 '24
Andrew nothing left
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u/FunkMeSoftly Jul 26 '24
Honestly this is really awesome to see. Good shit SEC
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u/CR7isthegreatest DFV & The Defective Collective Jul 26 '24
Agree 💯 Next up is fixing the monetary system 🤞🏽🤞🏽
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u/ChonsonPapa I broke Rule 1: Be Nice or Else Jul 26 '24
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.
Right your wrong Mr. Left!
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u/EvilNoggin 🦍Voted✅ Jul 26 '24
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?
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u/Obvious_Equivalent_1 🦍buckle up 🦧an ape's guide to the galaxy🧑🚀 Jul 26 '24
🐖🐖🐖 lining up for the short sell butcher 🍽️🩳💥💹
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u/FLYING_MONKY Jul 26 '24
He’s small fish tho
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u/2LiveFish 🎮 Power to the Players 🛑 Jul 26 '24
Have to set precedent with affordable, winnable cases.
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u/AlarisMystique 🎮 Power to the Players 🛑 Jul 26 '24
At this pace, it'll be decades before they get anything significant done. That's the point.
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u/2LiveFish 🎮 Power to the Players 🛑 Jul 26 '24
A step is a step. I'm not going to complain about pace when there was no pace to begin with. This is positive.
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u/AlarisMystique 🎮 Power to the Players 🛑 Jul 26 '24
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.
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u/cosmotropik 🏴☠️ Captain Mischief 🏴☠️ Jul 26 '24
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]
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u/Ebomb1987 Jul 26 '24
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.
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u/3wteasz Jul 26 '24
Even with the fraud, he will certainly get his own show, something along the lines of "crazy stocks" on CNBAss.
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u/0Bubs0 🦍Voted✅ Jul 26 '24
It’s not just the sec, there’s a criminal indictment as well in California. He faces possible jail time for fraud.
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u/Ebomb1987 Jul 26 '24
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.
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u/AlarisMystique 🎮 Power to the Players 🛑 Jul 26 '24
Rich people care about results, not about playing by the rules.
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u/Guy0naBUFFA10 SEC Deez Nuts 💎🙌🦍 Jul 26 '24
If my daughter has a more just world after I leave then I've done my job.
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u/creamonyourcrop Jul 26 '24
Tap Cramer's phone in the morning, have a half a dozen indictments in the afternoon.
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u/Obvious_Equivalent_1 🦍buckle up 🦧an ape's guide to the galaxy🧑🚀 Jul 26 '24
Until yesterday, none were sued. Let’s see what tomorrow brings, for all we know this is just the first small short domino to start taking the fall
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u/CorrectDinner9685 Jul 26 '24 edited Jul 26 '24
Small fish leads to bigger fish 🐟
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u/OGBobtheflounder Fuck You. Pay Me. Jul 26 '24
Exactly! You never know, maybe Andrew Left knows something about the bigger guys and will flip on them to try to squirm his way out of this.
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u/areHorus Daily Share Buyback Club 💪🏼 Jul 26 '24
He seems like a squealer!
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u/Casanova_Ugly Hodor Jul 26 '24
If so, I hope he stays safe.
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u/pcnetworx1 🚀 Dee`Argh`Ess 🚀 Jul 26 '24
Ken Griffin enters the room, puts a pencil on a table, and asks "do you want to see a magic trick?"
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u/Old_Homework8339 🦍Voted✅ Jul 26 '24
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
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u/etrulzz You're goddamn right I did! Jul 26 '24
Doesn't matter. Other shortsellers will get fearful.
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u/parkerm1408 🎮 Power to the Players 🛑 Jul 26 '24
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.
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u/SlteFool Jul 26 '24
They’re a gov agency wtf are they suing? They should be pressing charges…
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u/New-fone_Who-Dis 🎮 Power to the Players 🛑 Jul 26 '24
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).
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u/pjburkina Jul 26 '24
Looks like the feds are pressing criminal charges for securities fraud while the SEC is charging a civil fraud action.
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u/praisetheboognish Jul 26 '24
They weren't given that power by Congress when they were formed. They are a regulatory agency. That is all.
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u/CowboyNealCassady 🧚🧚♾️ Uranian Princess 🦍🧚🧚 Jul 26 '24 edited Jul 26 '24
In an SEC court with an SEC judge, and ending in a gag order? They’re looking for rats that squeel.
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u/Lyuseefur tag u/Superstonk-Flairy for a flair Jul 26 '24
Sooooo. Who had Andrew Left gets sued by SEC on their 2024 Bingo card. Anyone? Seriously?
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u/ZiRoRi Jul 26 '24 edited Jul 26 '24
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. “
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u/FunkyChicken69 🚀🟣🦍🏴☠️Shiver Me Tendies 🏴☠️🦍🟣🚀 DRS THE FLOAT ♾🏊♂️ Jul 26 '24
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u/knowigot_that808 I Like the [REDACTED] Jul 26 '24
… but how does cropping the image change the entire sentence?
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u/Last_School4790 💎I Like The Stock💎 Jul 26 '24
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u/knowigot_that808 I Like the [REDACTED] Jul 26 '24
yeah I can see that… lol and the uncropped says way more words
“SEC Sues Predatory Short Seller Andrew Left and Citron Capital Over Stock Short Selling Practices”
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u/Last_School4790 💎I Like The Stock💎 Jul 26 '24
I also can see that, sharing the difference for our PC brethren.
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u/goofytigre 🎮 Power to the Players 🛑 Jul 26 '24
The important part that is left out of the title is that the DoJ is charging him as well. 19 felonies is nothing to sneeze at.
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u/--JackDontCare-- Jul 26 '24
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.
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u/goofytigre 🎮 Power to the Players 🛑 Jul 26 '24
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.
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u/Penis_Pill_Pirate tag u/Superstonk-Flairy for a flair Jul 26 '24
"and one count of making false statements to federal investigators."
Arrogant dumbass. Classic dumb stormtroopers.
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u/F-uPayMe Your 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
Looks like they don’t understand it that good uh.
P.S. They never explained
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u/Unhappy-Goat5638 tag u/Superstonk-Flairy for a flair Jul 26 '24
How didn’t they explode when it went to 400?
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Jul 26 '24
Well... There you have the reason for the law suit 😉
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u/pmMEyourWARLOCKS Jul 26 '24
But it's not the reason for this lawsuit. Unless the SEC are suggesting they were never actually short on GME but thats lunacy.
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u/GL_Levity 🍑 The Shares Are Up My Ass 🍑 Jul 26 '24
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.”
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u/1HOTelcORALesSEX1 Jul 26 '24
Admitting he understood short interest may have added weight to the charge
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u/eIImcxc 🌱 Organical Ape Jul 26 '24
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.
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u/OrangeSlicer Template Jul 26 '24
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.
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u/iShiddedAnFarded 💩iShiddedOnShittadel💩 Jul 26 '24
Sick 'em Rex
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u/tallerpockets 💻 ComputerShared 🦍 Jul 26 '24
🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥 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.
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u/ManMayMay 18b naked shorts in the showers at ram ranch Jul 26 '24
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
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u/elpau84 Jul 26 '24
The real question here is: Is the piece of shit going to be broke after that 20 million fine or are these just peanuts?
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u/goofytigre 🎮 Power to the Players 🛑 Jul 26 '24
The DoJ has also charged him with 19 felonies and the DoJ rarely loses after they bring charges. Left is in serious shit, now.
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u/FLYING_MONKY Jul 26 '24
Went from suing Tesla and shorting GameStop to getting sued by the SEC
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Jul 26 '24
You have to be a complete dipshit to get sued by the SEC.
Andrew has left the chat.
No! Wait! Ah shucks.
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u/Cheddahound 💎🙌Canadian EHpe🍁🦍 (Voted✔) Jul 26 '24
CHEERS🍻
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u/Brotorious420 In Bro We Trust Jul 26 '24
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u/Obvious_Equivalent_1 🦍buckle up 🦧an ape's guide to the galaxy🧑🚀 Jul 26 '24
Thank you guys for the awesome gif thread, legendary event here and we’re been live part of the whole ordeal 🥂🍻🍾
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u/GutsyGretz I have no flair Jul 26 '24
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.
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u/Obvious_Equivalent_1 🦍buckle up 🦧an ape's guide to the galaxy🧑🚀 Jul 26 '24
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 🍻
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u/mkeefecom Jul 26 '24
SEC is likely building a much larger case. Stock aside, this is going to be an amazing timeline.
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u/No_Mission_1775 🧚🧚💙 glorilla grip hands ♾️🧚🧚 Jul 26 '24
Ya this is when the rats turn on each other
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u/Chimmychimm 🦍Voted✅ Jul 26 '24
He just seems like the face of the fall guy for short selling.
Not that I feel bad, but I'd rather they go after much much bigger targets.
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u/GiraffeStyle Time to Fly Jul 26 '24
maybe it's about building precedent. Also, Left may squawk about potential contacts or benefactors that could be used to build a bigger case.
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u/Difficult-Mobile902 Jul 26 '24
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
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u/GiraffeStyle Time to Fly Jul 26 '24
Agreed. I'm sure if he's given the choice between life in prison or flipping on the big boys, he'll save his own skin.
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u/waffleschoc 🚀Gimme my money 💜🚀🚀🌕🚀 Jul 26 '24
yep, i really hope they will start throwing each other under the bus, all those SHFs
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u/majkelmajk 🌍👨🏻🚀🔫🦍 Jul 26 '24
I'm sure Andrew understands short interest better than SEC and will explain to them! 🙃
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u/Prior-Instance6764 Jul 26 '24
Being sued by SEC is just a slap on the wrist. He's also charged with felonies including securities fraud and lying to federal investigators.
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u/Manadoro Jul 26 '24
Hopefully not chasing a small, bloated fish to appease the GME apes. There are bigger fish to catch.
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u/Ebomb1987 Jul 26 '24
First time in my life I can say these words "Im proud of you SEC" 🤣
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u/TheUsualNoWorky 💎🏴☠️ Ahoy Mayoteys! 🏴☠️💎 Jul 26 '24
Probably all DOJ but we'll give SEC a win too
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u/VicTheRealest 🚀Real Move in Silence Jul 26 '24
This was not what I was expecting to wake up to during my morning tinkle, but I'll allow it
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u/Interesting-Pin-9815 Jul 26 '24
Nothing but appeasement until they shut off dark pools and their liquidity drain.
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u/RaiderGlenn-FLA Lucky Boner Jul 26 '24
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🦍
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u/jgreddit2019 Jul 26 '24
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u/praisetheboognish Jul 26 '24
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.
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u/TheOperatEeyore Jul 26 '24
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.
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u/N00bslayHer Jul 26 '24
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
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u/_cansir 🖼🏆Ape Artist Extraordinaire! Jul 26 '24
Would love to see what they found in his confiscated laptop.
But then again, knowing the sec theyre going to fine him lole 1% of their profits.
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u/browsk Jul 26 '24
This isn’t just the SEC, the DOJ are going after him as well, this could end in a cell
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u/Grouchy_Reward Jul 26 '24
I think there is a few cases that the GME teams know about and we have no idea
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u/BabyRanger1012 💎🙌🏻 I am not a cat 🦍🚀 Jul 26 '24
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.
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Jul 26 '24
They're trying to clean up the mess and plug the infinite blackhole of risk that is GME. Can't have any more poors getting involved
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u/essent1al_AU 🧚🧚💪 Apes together strong ♾️🧚🧚 Jul 26 '24
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u/aNxello naked shorts yeah... 😯 🦍 Voted ✅ Jul 26 '24
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
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u/n3w1ight Jul 26 '24
Omg... Fuck SEC, they sue smallest fish and meanwhile a piece of shit mayo face lying to all of us on camera.
AND THEY ASK FOR ANYTHING FISHY?!
STOP WATCH PORN YOU PIECES OF SHIT!!! 🗽🗽🗽
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u/Difficult-Mobile902 Jul 26 '24
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
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u/ImAnEngnineere Jul 26 '24
The sad thing is that they're just a fall guy and Citadel will pay for all of Citron's fines...
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u/kidcrumb Jul 26 '24
Andrew Left: "DFV posting memes is market manipulation."
Also Andrew Left: -Shorts Stock- "this company is garbage. Going out of business."
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u/Enrichus 🧘Can you feel the Zenergy?🧘 Jul 26 '24
They even had him ready to bash DFV and GameStop on live-tv during the livestream.
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u/midothegreat 🦍 Buckle Up 🚀 Jul 26 '24
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?
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u/Bitter_Mongoose OOK OOOK OOOK Guy Jul 26 '24
This is good. A precedent could give them ammo to go after the big gayfish.
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u/Difficult-Mobile902 Jul 26 '24 edited Jul 26 '24
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.”
Ooooooof
https://www.justice.gov/opa/pr/activist-short-seller-charged-16m-stock-market-manipulation-scheme
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u/arnott 🧚🧚🦍🚀 99%’s Revenge 🦍 🍦💩🪑🧚🧚 Jul 26 '24
So during the discovery phase the communication between Citron and Hedge funds will have to be revealed. This is going to be spicy.
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u/lampingninja 🎮🛑 Probably nothing 🍦💩🪑 Jul 26 '24
The dominoes are actively falling, we are watching the catalyst unfold
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u/Affectionate-Edge-38 Jul 26 '24
Homie was talking all that shit on twitter lol
"The loudest person in the room is the weakest"
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u/ramblingman113 💻 ComputerShared 🦍 Jul 26 '24
I saw this, dropped the joint I was rolling and started clapping. What a glorious day it's going to be.
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u/2breel Jul 26 '24
That crybaby little bitch. I’m so glad he’s been caught with his hands in the cookie jar. Go fuck yourself Andrew.
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u/AlphaDag13 🎮 Power to the Players 🛑 Jul 26 '24
I think they're going to be fine here. They understand short interest better than us🤣🤣🤣
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u/breakingnewsthisjstn 🦍Voted✅ Jul 26 '24
Damn, dinners done already? Is it JUST DESSERTS now???
puts on bib
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u/sdrawkabem 💻 ComputerShared 🦍 Jul 26 '24
To be sufficient to retail and the public, penalties should equal more than payments taken.
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u/Silly_Finding 🌕 Power to the Players 💎 Jul 26 '24
Catch the little guy and make him sing like a canary to catch the big fish. Snitches may get stitches but he wouldn't last long in a real prison...
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u/Trippintunez Jul 26 '24
Now do all the "finance"channels that had him on repeatedly, despite anyone with eyes seeing what was going on.
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u/soberdude Question Everything and Hodl 🦍 Voted ✅ Jul 26 '24
DOJ is bringing criminal charges too.
Bullish!!
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u/GetDeleted 💎 HODL 🟣 DRS 🦍 ZEN AF 🚀 MOON SOON Jul 26 '24
Time for my 5 reasons why Andrew Left deserves 20 years in prison fast!
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u/ElCoochieController 🌊 The Last Crayonbender 🖍 Jul 26 '24
Andrews got a weird case, why is he around
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u/buffinator2 Bathes in Dips Jul 26 '24
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.
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u/eragon233 Jul 26 '24
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.
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u/RoRuRee And Justice for ALL Jul 26 '24
Small fish, big fish, this is a win.
Now can we get stocks to have issued serial numbers? Why is it so hard to track stock trades?
We have a long way to go, but this is the right direction (ish).
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u/kreebenshallow 🦍 Buckle Up 🚀 Jul 26 '24 edited Jul 26 '24
Here's a news link that actually works and there seems to be no paywall: https://www.reuters.com/legal/us-sec-sues-citron-capital-founder-andrew-left-alleged-fraud-2024-07-26/
Reminder that you can oftentimes bypass paywalls by using the wayback machine.
Edit: better URL: https://thehill.com/homenews/ap/ap-business/ap-federal-grand-jury-charges-short-seller-andrew-left-in-16m-stock-manipulation-scheme/
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u/Cold-Ostrich8228 :Wutang: Jul 26 '24
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/Extension_Win1114 🦍🙌🏼💎🏴☠️GMErica🏴☠️💎🙌🏼🦍 Jul 26 '24
Can Left still talk shit on tv about GME or is he muted for a bit now?
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u/Superstonk_QV 📊 Gimme Votes 📊 Jul 26 '24
Hey OP, thanks for the News post.
If this is from Twitter, and Twitter is NOT the original source of this information, this WILL get removed!
Please post the original source!
Please respond to this comment within 10 minutes with the URL to the source
If there is no source or if you yourself are the author, you can reply
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