Jim Chanos Sued by Partner Over $10 Million Embezzlement Allegations

May 29, 2024, 01:06 AM

Jim Chanos, a renowned short seller known for his role in Enron’s downfall, has been sued by his partner, Conlon Holdings, who alleges that Chanos embezzled company funds. The lawsuit claims that Chanos misused the funds for personal gain and to enrich his girlfriend. Conlon Holdings asserts that Chanos owes them $10 million. Chanos, who had to close his hedge fund last year due to significant losses, has dismissed the allegations as 'puzzling and baseless.' The lawsuit was filed on May 28, 2024. Chanos is also known for his short position on Tesla.