Tag: Carl Icahn

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Source: Trump Administration told ICahn of Tariffs before they happened

WASHINGTON --     Insider secrets are a thing, especially in investments, and  they are exactly the kind of secrets that were reportedly exchanged between the Trump Administration and billionaire investor  Carl ICahn.   ICahn, just days before the tariffs were announced, dumped millions of his stock in a company that primarily depends on steel. Sources exclusively reveal to The Daily News that ICahn "Knew of the upcoming tariffs because he  was already given knowledge of them from inside of the White House.    He knew the exact time; day, and how they would be implemented.    This is why he quietly began to sell his stocks via  Manitowoc Company before he would have lost about $6million". Which came out to be exactly correct as Trump made the actual announcement.  After Trump made th...
Carl ICahn just literally walked into federal criminal charges
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Carl ICahn just literally walked into federal criminal charges

That's a big no no for the billionaire internet guy. According to a very well written investigative piece in a New York magazine,  iCahn secretly spent his time in Trump's cabinet trying to lobby for a particular piece of regulation being removed. That regulation, uh, actually deeply changed the way a particular business for ICahn was actually ran. The story printed by The Newyorker paints a picture of an ICahn who secretly tried to use his federal executive role to "furnish and benefit on his own good".  That part right there, uh, is actually against federal law in the United States.   In the United States it is against the law to try and influence federal regulations to benefit a business in a financial manner. Which is what ICahn did. The New Yorker expose reportedly uncovered ...
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