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Famed short seller Andrew Left faces the possibility of decades behind bars after being found guilty of using disingenuous social media posts to manipulate stocks, in a landmark case that threatens to chill a broader trading strategy loathed by corporate executives.

Left, who gained a large online following with his blunt commentary about major US companies as well as smaller stocks popular with retail traders, was convicted Monday following a three-week trial in Los Angeles. Even before his conviction, his 2024 indictment spooked the industry and led some short sellers to beef up legal disclaimers.

Now, the 55-year-old faces more than two decades behind bars at an Aug. 31 sentencing hearing, though criminal defendants frequently get less time. Left will remain free until then.

On this episode, Carol Massar and Tim Stenovec speak with:

• Erik Larson, Bloomberg News US Legal Reporter
• Ed Zitron, CEO at EZ Primary Research on AI skepticism
• Wendy Stewart, President of Global Commercial Banking at Bank of America on trends currently shaping the business landscape
• Dr. Carina Kern, Founder and CEO of LinkGevity & Serena Kern-Libera, Chief Operating Officer at LinkGevity on Reshaping Aging, Longevity

 

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