Andrew Left

Andrew Left
Born (1970-07-09) July 9, 1970
Detroit, Michigan
Occupation Financial analyst, financial writer, short seller
Years active 2001-Present
Organization Citron Research, formerly StockLemon.com
Website citronresearch.com

Andrew Edward Left (born July 9, 1970 in Detroit Michigan) is an activist short seller, author and editor of the online investment newsletter Citron Research, formerly StockLemon.com.[1][2]

Citron Research

Founded in 2001, StockLemon.com changed its name to Citron Research in April 2007.[3]

Citron's reports on Chinese companies

Left's reports cover companies in the US and China; in a five-year period, Citron Research published reports on 18 Chinese companies, 16 of which experienced a drop in stock prices, with 15 of them experiencing drops of over 70%.[4] This has caused a collective of Chinese business leaders, including Qihoo 360 CEO Zhou Hongyi (a company that has been targeted by Left), launch a site called CitronFraud.com.[5] Left sent a legal notice to the 60 Chinese executives involved, seeking an apology, and told Tech In Asia that he's consulting with lawyers and considering legal action in response.[6] Qihoo 360 has also threatened to take legal action against Citron, as well as former Google China chief Kai-Fu Lee, now the chairman and CEO of Innovation Works.[7][8]

Criticism

In 1998, Left was found by the National Futures Association to have “made false and misleading statements to cheat, defraud or deceive a customer", and disbarred for three years.[9]

In 2002, his then employer Detour Media sued Left for "fraud and deceit, negligent misrepresentation, breach of fiduciary duty and unlawful monetary conversion".[10] He was ordered to pay $26,445.62 compensation.[11]

In 2010, Left was briefly arrested in Florida in relation to a petty dispute with a drycleaner. The charges were subsequently dropped.[12]

References

  1. ↑ "Drug Maker Questor Down on Short Seller Comments". Reuters. 2012-07-10. Retrieved 2013-11-27.
  2. ↑ "Citron Research Vindicated - The Motley Fool Blog". Caps.fool.com. Retrieved 2013-11-27.
  3. ↑ "Evergrande Stock Tumbles on Fraud Accusation - Market Watch". Articles.marketwatch.com. Retrieved 2013-11-27.
  4. ↑ iChinaStock (2011-12-09). "Interview With A Deadeye China Short Seller". Business Insider. Retrieved 2014-02-07.
  5. ↑ Steven Millward (2012-09-04). "Shit Gets Real, and Personal, as Chinese Business Leaders Slam Short Sellers Citron". Techinasia.com. Retrieved 2014-02-07.
  6. ↑ Steven Millward (2012-09-06). "Citron's Andrew Left Defends His China Record". Techinasia.com. Retrieved 2014-02-07.
  7. ↑ "Citron steps up fight against Chinese entrepreneurs｜Economy｜News｜WantChinaTimes.com". Wantchinatimes.com. 2012-09-20. Retrieved 2014-02-07.
  8. ↑ "Citron Faces Lawsuit from Qihoo and Kai-Fu Lee_ChinaScope Financial | News". Chinascopefinancial.com. 2012-10-11. Retrieved 2014-02-07.
  9. ↑ "Case Summary". Nfa.futures.org. Retrieved 2015-04-03.
  10. ↑ "Detour Media Group Inc - ‘10QSB’ for 3/31/02". SECinfo.com. Retrieved 2015-04-03.
  11. ↑
  12. ↑ "The Grandaddy of Short-Funded Research". Integrity Research Associates. Retrieved 2014-02-07.

External links

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