Citron Research founder sentencing hearing set for August 31, theoretical maximum sentence up to 265 years

Odaily Planet Daily News: The sentencing hearing for Andrew Left, founder of short-selling firm Citron Research, is set 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 fluctuations within a very short period following the release of reports or tweets. He would also set limit orders in advance, with exit prices often far removed from the target prices publicly stated by Citron. The stocks involved include Nvidia, Tesla, Facebook, General Electric, Luckin Coffee, and others. (Lawstreetmedia)