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Billionaire's value drops as trader calls his firm 'fraud'
short by Krishna Veera Vanamali / on Tuesday, 19 September, 2017
US billionaire Robert Pera's net worth fell by $248 million on Monday to $3.1 billion after a short-seller called Pera's firm Ubiquiti Networks a "fraud." Short-seller Andrew Left's Citron Research published a report that highlighted seven alleged "red flags" about Ubiquiti. Following this, Pera took to Twitter to address some questions from users about the allegations made by Citron.
read more at Forbes