Jim Chanos Denies Embezzlement Allegations in Lawsuit by Former Investor

Short seller Jim Chanos faces accusations of using his firm for personal gains, while he asserts the claims are unfounded.

Conlon Holdings alleges Chanos borrowed $10 million from his company and never intended to repay it.
The lawsuit claims Chanos sold a company-owned Miami apartment for $17.8 million without notifying partners.
Chanos' girlfriend, Crystal Conners, allegedly earned $540,000 from the apartment sale commission.
Chanos calls the allegations 'puzzling and baseless,' stating the loan was repaid in 2021.
Conlon Holdings seeks Chanos' removal as general partner and a freeze on the apartment sale proceeds.