According to Caixin, the sentencing hearing for Andrew Left, founder of short-selling firm Citron Research, has been scheduled for August 31, 2026, with a theoretical maximum prison sentence of 265 years, according to BlockBeats.
Prosecutors allege that Left used short-term options expiring within 0-5 trading days to profit from rapid stock price movements following Citron's reports or tweets, and pre-set limit orders to exit positions at prices often vastly different from the firm's publicly stated price targets. Stocks targeted in the scheme include Nvidia, Tesla, Facebook, General Electric, and Luckin Coffee.