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The sentencing hearing for the founder of Citron is scheduled for August 31; the maximum theoretical sentence could be 265 years.
Svmuu News: The sentencing hearing for Andrew Left, founder of short-seller Citron Research, is scheduled for August 31, 2026. The maximum theoretical sentence is 265 years, though the final sentence will 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 occurring within a very short time after the release of reports or tweets. He would pre-set limit orders, and his exit prices often differed significantly from the target prices Citron publicly announced.The stocks involved include NVIDIA, Tesla, Facebook, General Electric, and Luckin Coffee, among others. (Lawstreetmedia)
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