The activist investor is considered one of the most influential men on Wall Street.
(Photo: Bloomberg)
Dusseldorf In the US, federal prosecutors have launched an investigation into Icahn Enterprises. This was announced by the group of star investors Carl Icahn on Wednesday. The share was listed in New York up to 20 percent in the red.
The investigation was sparked by a report by short-seller Hindenburg Research, which accused Icahn – one of Wall Street’s most influential investors – of inflating the company’s assets and then using the overvalued shares as collateral for loans. Hindenburg therefore relies on falling share prices.
Icahn denies the allegations. In a statement last week, the investor said the report was aimed solely at making money by betting on falling stock prices.
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
Further
Read on now
Get access to this and every other article in the
web and in our app.
Further