Lawyers for short-seller firm Citron’s Andrew Left reportedly said he would “never” accept a plea deal with the US government.
Andrew Left, the founder of short-selling financial research firm Citron Research, has pleaded not guilty to several securities fraud charges laid against him on July 26.
Left reportedly appeared in a 40-minute-long hearing in a federal court in Los Angeles, where Judge Rozella Oliver imposed a $4 million unsecured bond and a $1 million collateralized bond against Citron’s founder.
Left — who once said the cryptocurrency industry is rife with “fraud” — will need to post the collateralized bond by Aug. 5, according to Bloomberg’s July 29 report.
