Carl Icahn being investigated for insider trading

[Imaginator]

No ****...

 

[Peace]

Phil Mickelson too.. He's one of my favorite golfers.

 

[rolsskk]

FBI & SEC Launch Insider Trading Probe of Carl Icahn and Others

Since we see his face on the front page so much, I figure this is somewhat relevant to the site:

Report: FBI, SEC probe Icahn, Mickelson and Walters

Federal investigators have launched what the Wall Street Journal is calling "a major insider-trading probe involving finance, gambling and sports" that involves the trading of activist investor Carl Icahn, pro golfer Phil Mickelson and Las Vegas bettor William "Billy" Walters.

According to a story published on the Journal website late Friday, the Federal Bureau of Investigation and the Securities and Exchange Commission are probing whether Mickelson and Walters illegally traded on nonpublic information they allegedly obtained from Icahn about his investments in public companies. The Journal story attributed the information to "people briefed on the probe."

Read the rest here.

and

Carl Icahn, Phil Mickelson Reportedly Facing Insider Trading Investigation

In one of the most high-profile probes of recent years, billionaire investor Carl Icahn, champion golfer Phil Mickelson and highly successful sports bettor William T. “Billy” Walters are facing an investigation for insider trading, according to multiple reports.

Federal sources are investigating whether Icahn, who is one of the richest men in America, illicitly disclosed non-public information to Walters at the time that he was launching a takeover bid of the company Clorox in 2011, unnamed sources told the New York Times. The Wall Street Journal and Reuters have also reported on the investigation.

Read the rest here.

 

[MacTech68]

And yet surprisingly this doesn't make it to the front page.

 

[Tsuchiya]

Who did he piss off? Icahn is a dick.

 

[Arran]

It's like a disease: Always needing more. Pitiful really.

 

[jeremysteele]

And yet surprisingly this doesn't make it to the front page.

Because it's about trades completely unrelated to Apple?

It's about Clorox.

Maybe they'll post it, maybe they won't. Wouldn't be surprised if it's never on there though.

 

[benzslrpee]

i think this will likely amount to nothing. Icahn, for all his personality... quirks :roll eyes: ... really is not known on the Street to favor this type of method in repaying investors.

Harbinger and SAC? sure

 

[the8thark]

Because it's about trades completely unrelated to Apple?

It's about Clorox.

Maybe they'll post it, maybe they won't. Wouldn't be surprised if it's never on there though.

This is the only insider trading he is suspected of. There could be more that he doing undetected still. People like him are willing to break the rules to make more money.

 

[Carlanga]

And yet surprisingly this doesn't make it to the front page.

wouldn't surprise me if he owned a part of MR too lol

 

[IJ Reilly]

I wonder if anyone actually read the articles? Icahn is not the suspected inside trader in this story. That would be Walters and Mickelson.