Citron Founder's Sentencing Hearing Scheduled for August 31, with Theoretical Maximum Sentence of 265 Years

Odaily Planet Daily News: Andrew Left, founder of the short-selling firm Citron Research, has his sentencing hearing scheduled for August 31, 2026, with a theoretical maximum sentence of up to 265 years. The final sentence will still be determined by the court based on the specific circumstances of the case.

Prosecutors allege that Left frequently used short-term options expiring within 0 to 5 trading days to bet on stock price volatility in the immediate aftermath of a report or tweet. He would set limit orders in advance, with exit prices often far from the targets publicly stated by Citron. The stocks involved include Nvidia, Tesla, Facebook, General Electric, Luckin Coffee, etc. (Lawstreetmedia)