Billionaire Carl Icahn Settles Charges for Failing to Disclose Billions in Loan Collateral
Billionaire investor Carl Icahn and his firm, Icahn Enterprises, have reached a settlement with the U.S. Securities and Exchange Commission (SEC) over charges that they failed to disclose the use of the company’s securities as collateral for billions of dollars in personal loans. The settlement, announced on Monday, follows a significant drop in Icahn Enterprises’…