Andrew Left Pleads Not Guilty to Fraud Charges in High-Profile Case
The activist short seller faces allegations of market manipulation and false statements, with potential prison terms if convicted.
- Left is accused of manipulating stock prices to benefit his trades and making false statements to investigators.
- He turned himself in to authorities in Los Angeles and was released on a $4 million bond, with $1 million collateralized.
- The charges include 19 criminal counts and a civil complaint by the SEC for alleged 'bait-and-switch' tactics.
- Prosecutors claim Left used his influence to move markets, making at least $16 million in illegal profits.
- His trial is set for September 24, and he is restricted from major financial transactions and has surrendered his passport.