Jury finds prominent short seller Andrew Left guilty of securities fraud

Left was also convicted of 12 of 16 other counts related to specific trades on stocks like Tesla, Nvidia, Palantir and Meta, and was acquitted on four counts.

Published: June 1, 2026 10:12pm

A jury convicted famed short-seller Andrew Left on Monday of securities fraud for a lucrative tweet-and-trade operation that saw him manipulate the stock market through social media posts that prompted his followers to trade.

Left was also convicted of 12 of 16 other counts related to specific trades on stocks like Tesla, Nvidia, Palantir and Meta, and was acquitted on four counts, per Business Insider. The verdicts come after two full days of deliberations. 

"I think the jury got it wrong, and it's not the end of the road," Left told reporters after the verdict. "I think it's scary. We're about to have the most talked about stock in the history of the stock market hit the market with SpaceX, and I think it's chilling when you're taking individuals and you're limiting their ability to have free speech and trade with honest opinions."

Left's attorneys moved for a mistrial after the verdict because jurors were given a sheet that included a charge that was dismissed before the trial took place, but the judge has not yet ruled on the motion.

Prosecutors argued in the case that Left had misled retail investors by using social media to publicize Citron reports that prompted followers to trade stocks at a certain level he set while he closed his own positions at a different price.

Left's defense claimed that no law was broken because the trader was just warning investors about companies he believed were on shaky footing. 

"The government wants you to convict a trader for trading like a trader," Left's attorney, Eric Rosen, said. "This is not a case. This is them sifting through thousands and thousands of emails to invent a case."

Left now faces a maximum of 25 years in federal prison and is scheduled to be sentenced Aug. 31.

Misty Severi is a news reporter for Just The News. You can follow her on X for more coverage. 

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