Andrew Left Denies Contradicting Stock Positions in Fraud Trial Over Dozens of Social-Media Posts
Updated
Updated · Bloomberg · May 26
Andrew Left Denies Contradicting Stock Positions in Fraud Trial Over Dozens of Social-Media Posts
1 articles · Updated · Bloomberg · May 26
Andrew Left told Los Angeles jurors for a second day that his public comments on Tesla and other companies never conflicted with the long or short positions he held.
That testimony targets a central government claim that the short seller used explosive social-media posts to move share prices illegally and lock in quick profits.
Two weeks of prosecution testimony preceded Left’s appearance at the landmark federal securities fraud trial, putting his own account at the center of the defense case.
Jurors could begin deliberating as soon as this week, bringing the closely watched case near a verdict.
When does a stock market opinion on social media become a multi-million dollar federal crime?
How can investors spot the difference between a hot stock tip and an illegal manipulation scheme online?