Day: May 3, 2023

Written by FinCrime

AOC, Gaetz forge alliance to ban lawmakers from trading stocks

Reported by JOSEPH KONIG A bipartisan group of unlikely allies in Congress have banded together to take on stock trading by their colleagues, a practice they say leads to conflicts of interest and potential corruption. It’s not the first effort to do so, but the idea has gained significant traction among certain corners of Congress […]

Written by FinCrime

Notorious short-seller accuses Carl Icahn of running a ponzi-like scheme

Reported by Keith Griffith A notorious short-seller has targeted billionaire activist investor Carl Icahn, accusing his company of relying on ‘ponzi-like economic structures’ to pay unsustainable shareholder dividends. Hindenburg Research on Tuesday disclosed a short position in Icahn Enterprises (IEP), and issued a report accusing the holding company of inflating the value of its units […]