Tesla Short Seller Jim Chanos Sued by Partner Over Embezzlement Allegations on May 28, 2024

May 28, 2024, 10:20 PM

Jim Chanos, the short seller renowned for his role in the collapse of Enron, is facing a lawsuit from a partner who accuses him of embezzling company funds for personal use and enriching his girlfriend. Chanos, a Tesla short seller, shut down his hedge fund last year after 40 years of operation due to struggling to make profits. His firm managed less than $200 million in 2023, a significant drop from $6 billion in 2008. The lawsuit, filed on May 28, 2024, marks another setback for Chanos, who has been a prominent figure in the financial world for decades.