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Federal grand jury charges short seller Andrew Left in $16M stock manipulation scheme
A federal grand jury in California has charged short seller Andrew Left with multiple counts of securities fraud for a $16 million stock market manipulation scheme. The Department of Justice said in a statement on Friday that Left, who was a securities analyst, trader, and guest commentator on television channels including CNBC and Fox Business, is charged with one count of engaging in a securities fraud scheme, 17 counts of securities fraud, and one count of making false statements to federal investigators. As a short seller, Left would make money betting stocks would fall. The Justice Department said that Left conducted business under the name Citron Research, which had a website that published investment recommendations. He published research on companies ranging from Tesla and GameStop to Grand Canyon Education and Peloton. If convicted, Left faces a maximum penalty of 25 years in prison on the securities fraud scheme count, 20 years in prison on each securities fraud count, and five years in prison on the false statements count.
‘Kamala the cop’ or ‘soft as Charmin’? Rival narratives about Harris’ crime record could shape the election
The GOP is trying to rebrand Harris, from aggressive prosecutor to effete San Francisco liberal. But her campaign is also leaning into the former district attorney's resume.
Fire Insurance Part 4: No Easy Solutions
So where do we go from here? Is Insurance Commissioner Ricardo Lara going to pull a rabbit out of a hat this December just like he’s been promising for the last 15 months? And will his much-hyped Sustainable Insurance Strategy really solve all of Orinda’s fire insurance problems?
Gina Carano’s Elon Musk-Backed Lawsuit Against Disney (And Cancel Culture) Scores Major Win
Gina Carano’s wrongful termination lawsuit against Disney and Lucasfilm, which is being funded by Elon Musk, scored a major win against the entertainment giant this week. According to reports out of California, the court presiding over the case denied Disney’s request to toss the lawsuit filed by Gina Carano, meaning it will go to trial […] The post Gina Carano’s Elon Musk-Backed Lawsuit Against Disney (And Cancel Culture) Scores Major Win appeared first on BroBible.
California is worst state for road rage, confrontational drivers, data show
Many California drivers could tell horror stories about aggressive or even violent encounters with other motorists on the freeways and local roads.But now a new study confirms that the Golden State is indeed the absolute worst when it comes to road rage.Data analyzed by Forbes Advisor ranked California at the top of its list of states with the "most confrontational drivers," earning a 100 out of 100 in its rating system.That means relatively high percentages of drivers who say other motorists have cut them off on purpose, yelled or cursed at them, tailgated, or even got out of their cars...
California’s $20 minimum wage leads 89% of fast-food restaurants to reduce hours
The minimum wage for fast-food workers in California jumped to $20 an hour on April 1, a $4 pay bump for 553,000 fast workers. However, restaurant chain owners raised concerns that the minimum wage increases would hurt their bottom line, and owners have cut workers’ hours, raised food prices, and even shut down some locations. […]
Former L.A. mayor looks to become first Latino governor of California in more than a century
Former Los Angeles Mayor Antonio Villaraigosa has announced his candidacy for the 2026 California gubernatorial election. Villaraigosa, 71, previously ran for governor in 2018 but finished third in the primaries. The election was won by then-Lieutenant Governor Gavin Newsom. If elected, Villaraigosa would become just the second Latino governor of...
California Supreme Court rules Uber, Lyft drivers classified as contractors
The California Supreme Court ruled Thursday that Uber and Lyft drivers are classified as independent contractors instead of employees. The court ruled in favor of upholding a years-old ballot measure, Proposition 22, ending the legal dispute that could have reshaped California’s gig economy if it was overturned, The New York Times noted in its reporting.…
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