“The investigation came after a report from short-seller Hindenburg Research sent shares in Icahn’s investment firm spiraling last year. Hindenburg wrote that
“Icahn has been using money taken in from new investors to pay out dividends to old investors. Such Ponzi-like economic structures are sustainable only to the extent that new money is willing to risk being the last one ‘holding the bag.’”
The subsequent plunge in IEP shares wiped $2.9 billion off Icahn’s net worth, leaving him with an estimated $14.7 billion, according to Forbes.
Icahn’s Sunny Isles Beach, Florida-based company holds his various investments in the energy, automotive, food packaging, real estate and other industries.
He is IEP’s controlling shareholder with an 85% stake.”
– – – – –
See..that’s why far right extremists libertarians tech bros are sooo against regulations….
the free of consequences market predatory practices profits….🤢🤑
But..but…you should negotiate your salaries with these 🐗…and…and..you should invest…and..and..your 401k is shareholders….
Not surprised by another Trump close advisor committing fraud.
4 comments
“The investigation came after a report from short-seller Hindenburg Research sent shares in Icahn’s investment firm spiraling last year. Hindenburg wrote that
“Icahn has been using money taken in from new investors to pay out dividends to old investors.
Such Ponzi-like economic structures are sustainable only to the extent that new money is willing to risk being the
last one ‘holding the bag.’”
The subsequent plunge in IEP shares wiped $2.9 billion off Icahn’s net worth, leaving him with an estimated $14.7 billion, according to Forbes.
Icahn’s Sunny Isles Beach, Florida-based company holds his various investments in the energy, automotive, food packaging, real estate and other industries.
He is IEP’s controlling shareholder with an 85% stake.”
– – – – –
See..that’s why far right extremists libertarians tech bros are sooo against regulations….
the free of consequences market predatory practices profits….🤢🤑
But..but…you should negotiate your salaries with these 🐗…and…and..you should invest…and..and..your 401k is shareholders….
Not surprised by another Trump close advisor committing fraud.
“Investor”
Hmm… sounds a little Madoffy.