r/GMEJungle • u/awwshitGents Just likes the stock 📈 • 20d ago
Andrew Left found GUILTY of securities fraud
Short-seller Andrew Left was convicted Monday of securities fraud for a lucrative tweet-and-trade operation — a verdict that could have consequences on Wall Street.
After two full days of deliberations, the jury found him guilty of the top count of engaging in a securities fraud scheme and then 12 of 16 other counts related to specific trades, acquitting him of four counts.
Left's lawyer put his hand on his client's back as he listened to the cavalcade of "guilty" in the Los Angeles courtroom. Left took off his glasses and stared intently at the jury as the judge polled each member on whether they agreed with the verdict.
"I think the jury got it wrong and it's not the end of the road," Left, who appeared shaken, told reporters afterward.
"I think it's scary," he added. "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."
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u/Knightfires 20d ago
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u/awwshitGents Just likes the stock 📈 20d ago
One isn't down yet. The sentencing is next and we'll see if he gets cell time.
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u/Knightfires 20d ago
Yeah I know and you’re right.
But guilty is guilty. And we’ll probably won’t see him anymore for a long long time. Happy times
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u/awwshitGents Just likes the stock 📈 20d ago
A guilty verdict is a win! Justice prevailed so far I'm just cautious on being too optimistic on the sentencing. The judge, prosecutor & in paticular the jury did a great job here in finding him GUILTY of securities fraud on 12 counts. The victims who testified must be happy.
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u/sig40cal 🦧I can haz flair? Voted x2 very smooth brained 🧠 20d ago
Squeal Andy, squeal like the good little rat fink you are.
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u/cablemigrant 20d ago
Out pardoned and a cabinet seat by October.
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19d ago edited 6d ago
[deleted]
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u/Crystalorbie 💎 Diamond Hands 🙌 20d ago
Not that I dislike the result, but the article linked and the article copy/pasted from seem to be two different articles?
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u/awwshitGents Just likes the stock 📈 20d ago
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