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HomeBusinessCarl Icahn charged with hiding billions in loans backed by company stock

Carl Icahn charged with hiding billions in loans backed by company stock

Billionaire investor and his firm IEP settle with SEC for $2m after being charged with failing to disclose stock pledges

Carl Icahn, the billionaire investment tycoon, and his firm Icahn Enterprises LP (IEP) have been charged by US regulators with failing to disclose billions of dollars worth of personal loans.

The Securities and Exchange Commission (SEC) said IEP and Icahn, who serves as chairman, agreed to pay $1.5m and $500,000 in civil penalties, respectively, to settle the charges.

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