The Securities and Exchange Commission (SEC) announced charges on Monday against famed 88-year-old investor Carl Icahn and his public company Icahn Enterprises L.P. (IEP), stating that Icahn pledged 51% to 82% of IEP shares to secure billions in personal loans without telling shareholders or regulators for years. The SEC claimed that IEP and Icahn didn’t...
September 12, 2024