Citron’s Left says crypto is a ‘complete fraud’

Andrew Left, founder of Citron Research, will speak at the Reuters Global Investment 2019 Outlook Summit on November 12, 2018 in New York, USA. REUTERS / BrendanMcDermid / File Photo

July 11th, New York (Reuters)-Andrew Left, founder of Citron Research and one of the world’s most famous shortsellers, described cryptocurrencies as “scams” on Monday.

Asked at a conference about fraud in financial markets that saw potential fraud, Left told the audience:

He didn’t say whether he invested in cryptocurrencies.

The left builds his brand as one of the most prominent shortsellers, but last year his company stopped publishing a survey highlighting the company’s shortcomings and wrote about a company that it considered worth buying. Announced that it will move to.

The move followed a backlash against Left after he said the inventory of video game retailer GameStop wasn’t worth the price.

Reuters reported in December last year that the US Justice Department launched an extensive criminal investigation into short-term sales by research firms, including hedge funds and citrons, denying fraud.read more

“As the Ministry of Justice, you will hopefully one day find out that this Boogeyman, or shortseller, doesn’t exist,” Left said when asked about the investigation.

Report by Carolina Mandol Edited by Tomasz Yanovsky

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