Andrew Left's new lawyer says the case does not fit with Trump priorities

Short seller Andrew Left is making a new attempt to make the US Department of Justice disappear to drop charges of fraud filed against him last year and employ a former federal prosecutor to direct fresh arguments directly to the Trump administration. The strategy depends on the conviction of the Justice Department that the case against left does not match President Donald Trump’s maintenance priorities. This is an argument that can get a department with a department that has already abandoned some criminal cases as a result of the president’s prescriptions. To the left, of which thousands of investors were closely watched, were charged with security fraud in July 2024 after a wide investigation into the industry. He and his firm, Citron Research, are accused of using false and misleading social media posts about his trading plans in more than a dozen companies to push their share up or down to make a profit quickly. Left’s new chief advocate, Eric Rosen, said the veteran trader is “cordial” by what he describes as the Trump administration’s investor protection priorities. “That’s why we continue to work with administration officials on the hope that they will re -evaluate this matter, in accordance with the president’s prescriptions,” he said in a statement. To the left, pleaded not guilty, denied crimes in the case and rejected the case. “There was no fraud, no deception, no victim – only protected speech followed by legal trade,” Rosen said. A hearing will be drafted on July 7 at Los Angeles Federal Court. According to the court, this week he replaced his leading defense lawyer with Rosen, a seasoned former prosecutor. The founding partner of Dynamis LLP, Rosen, is known for leading one of the largest Doj criminal affairs of the past decade-the so-called Varsity Blues College granting case before going into a private practice. Rosen has been working on the matter for a few months, but now call the shots. Trump has already entered to help individuals in financial matters since he held office in January. In March, Trump made the sentence of co-founder of Ozy Media Carlos Watson, who was convicted of investors in his start. Trump also forgave the founder of Nikola Corp, Trevor Milton, guilty of fraud on misrepresentations on the financial progress of the electric trucks, as well as the three co-founders of the Crypto Exchange Bitmex who pleaded guilty in 2022 to violating the bank secret. The Justice Department did not immediately respond to a request for comment on the case. From February, the Justice Department continued to push its case. In response to the Motion of Left to reject, prosecutors said in a court that left, a classic security fraud scheme became involved. “He provided false and misleading information to investors, while hiding his true intentions so that he could benefit at their expense,” the US said. The indictment is very dependent on the posts on social media from left, as well as emails about the consequences of his comments. Prosecutors have shown the posts to encourage the judge to continue the case until trial. A judge rejected the request from left to reject a parallel civil case by the US Security and Exchange Commission last month. In both cases, to the left is accused of setting “extreme” target prices for companies in the hope that investors who saw his posts would trade one way while trading another. The case has already led to some self -imposed changes in the industry, as a number of short sellers raised their disclaimer in response to the charges. Rosen hopes that the government will set the record on the activity from the left and the charges will abandon the way it recently had a long-lasting foreign bribery case against former drivers at Cognizant Technology Solutions Corp. before the hearing ended, citing Trump’s new priorities. “The case against Andrew left the reconsideration of merit,” Rosen said. © 2025 Bloomberg MP This article was generated from an automatic news agency feed without edits to text.