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Carl C. Icahn, the billionaire investor who was a close confidant of President Trump, received a second subpoena from federal prosecutors in Manhattan, linked to a series of stock market transactions last year.
Icahn Enterprises, one of Icahn's top investment companies, said in a regulatory document Thursday that it had received a subpoena in June asking for "production of information regarding the trading of Manitowoc shares" , a crane manufacturing company.
Icahn Enterprises said to be consistent with the request, but it was unclear why the company was only disclosing the subpoena only now. The 2018 annual report filed by Icahn Enterprises at the beginning of March made no mention of it.
The document did not disclose the details of the transactions that were of interest to prosecutors, but a timely sale of Manitowoc shares in early 2018 sparked questions from the media. Mr. Icahn, who had previously served as an unpaid adviser to the Trump administration, sold $ 30 million worth of Manitowoc shares in early 2018, shortly before the White House announced the imposition of customs duties on steel manufactured abroad.
The announcement of tariffs had a significant impact on the stock prices of steel-dependent companies, such as Manitowoc.
Mr. Icahn remains one of the main shareholders of the company. After the details of the stock sale were reported, Mr. Icahn denied having prior knowledge of steel tariffs.
Reuters first reported the disclosure of the subpoena. Mr. Icahn did not answer a call on Friday.
The subpoena is the second official request for documents that Mr. Icahn, one of the first supporters of Mr. Trump's run at the White House, has been received from federal prosecutors over the past two years.
The first subpoena was issued in September 2017 and sought information about his activities as a special advisor to the Trump administration on the regulation of ethanol and other fuel policies. renewable. Mr. Icahn left the unpaid position in August 2017.
The role of Mr Icahn as special advisor expressed ethical concerns because of its potential influence on the Environmental Protection Agency and its Renewable Fuels Standards Program. At the time, CVR Energy, an oil refinery controlled by Mr. Icahn, was to benefit from a policy change that he was recommending, which concerned the way ethanol-based ethanol. corn is mixed.
As a special advisor, Mr. Icahn helped interview Scott Pruitt, who would become E.P.A. administrator.
In Thursday's regulatory filing, Icahn Enterprises stated that the US District Attorney's Office in the Southern District of New York "has not made any allegations or allegations against us or Mr. Icahn regarding one or the other of the aforementioned investigations ".
83-year-old Icahn, who reports more than $ 18 billion, is no stranger to the controversy. He was one of the first so-called corporate hackers and helped make activist investing a dominant strategy for hedge funds. His aggressive approach to seeking change in the management of the companies he invests in has earned him both fans and critics.
The name of Mr. Icahn was also mentioned in a case of insider trading two years ago, although he was not charged. One of the brokers who testified at the trial of William T. Walters, one of the most successful sports players in Las Vegas, said some of the former player's trading ideas had been advanced by Mr. Icahn.
Mr. Walters was convicted of insider trading in April 2017 and sentenced to five years in prison for his role in a $ 43 million ploy.
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