Corp Raider Carl Ichan Investigated for Insider Trading – Denies

What’s this? Corporate raider Carl Icahn is accused of insider trading. Say it ain’t so! Icahn, as you may know, is despised on this site for the way he’s systematically gutted Chesapeake Energy by using his toady Doug Lawler to fire thousands of people and sell off huge portions of the company–all in a bid to drive the stock price up, which Icahn will then turn around and sell at a handsome profit. It should be illegal, but it isn’t. Perhaps old Carl is getting sloppy in his waning years. Apparently there was some funny business with one of his deals a few years ago. Something to do with “well-timed” trades of Clorox stock, a company Icahn tried to take over. It’s complicated and the FBI and SEC are investigating Ichan, golfer Phil Michelson and Las Vegas gambler William “Billy” Walters…

Please Login to view this content. (Not a member? Join Today!)
Password Reset
Please enter your e-mail address. You will receive a new password via e-mail.