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Federal prosecutors and securities regulators in Los Angeles announced charges Friday against prominent short-seller Andrew Left, alleging he made millions of dollars of ill-gotten gains.

He also agreed to forfeit dozens of designer bags and shoes as well as a money counting machine, all of which prosecutors said were either ill-gotten gains or goods used to further criminal activity.

Det Ch Insp Louise Metcalfe said following the criminal proceedings against all involved, "our final act has been to pursue Hughes for his ill-gotten gains".

The lawsuit seeks an injunction barring any further violations of the law, forfeiture of ill-gotten gains, restitution to repay consumers and monetary penalties.

Standing up to Wall Street and predatory lenders and wrangling back ill-gotten gains on behalf of the little people is very popular.