Short-Seller Blasts Icahn Again, Raises Suspicion: 'Where Is This Money Coming From?' - $IEP
Benzinga
2023-05-11
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Short-seller Hindenburg Research continues to scrutinize the business practices of Carl Icahn and his namesake conglomerate, Icahn Enterprises.
After publishing a bearish report last week accusing Icahn of mismanagement, Hindenburg — under the helm of Nathan Anderson — continues to levy fraud allegations against Icahn Enterprises and claims that investors are at risk.
"We strongly suspect — based on our analysis that we had not previously published — that Carl Icahn has borrowed billions, and reinvested some, or all the proceeds, into his own investment funds," Hindenburg stated in a new report published on May 11.
After publishing a bearish report last week accusing Icahn of mismanagement, Hindenburg — under the helm of Nathan Anderson — continues to levy fraud allegations against Icahn Enterprises and claims that investors are at risk.
"We strongly suspect — based on our analysis that we had not previously published — that Carl Icahn has borrowed billions, and reinvested some, or all the proceeds, into his own investment funds," Hindenburg stated in a new report published on May 11.
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