深潮TechFlow|6月 18, 2026 05:08
[Citron Founder Faces Theoretical Maximum Sentence of 265 Years, Involving Stocks Like NVIDIA, Tesla, and Others]
According to Deep Tide TechFlow, on June 18, Caixin reported that Andrew Left, the founder of the short-selling firm Citron Research, known for shorting Chinese concept stocks, has a sentencing hearing scheduled for August 31, 2026. The theoretical maximum sentence could reach 265 years, though the final sentence will ultimately be determined by the court based on specific circumstances.
Left has targeted over 20 Chinese concept stock companies, including New Oriental, Qihoo 360, Evergrande Real Estate, Longtop Financial Technologies, and China MediaExpress. In his early years, his short-selling reports were almost always successful. However, compared to peers like Muddy Waters, Citron's reports have since been frequently criticized as "riddled with flaws." He was once banned from the Hong Kong market for five years by the Hong Kong Securities and Futures Commission.
Prosecutors allege that Left often used short-term options expiring within 0 to 5 trading days to bet on stock price fluctuations shortly after releasing reports or tweets. He would pre-set limit orders, with exit prices often far from the target prices publicly declared by Citron. The stocks involved include NVIDIA, Tesla, Facebook, General Electric, Luckin Coffee, and others.
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