Federal Subpoenas Seek Info On Billionaire Carl Icahn’s Role As Trump Adviser

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Prosecutors are investigating whether billionaire businessman Carl Icahn pushed for a federal policy change that would have benefited one of his investments while he was serving as an adviser to President Donald Trump.
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The U.S. attorney’s office in Manhattan has issued subpoenas to Icahn’s company and another company, CVR Energy, in which he has an 82 percent stake, both firms disclosed in regulatory filings. CVR is a publicly traded company that specializes in refining and is valued at nearly $3 billion.

 

The companies said they are cooperating with the subpoenas, which were first reported by Bloomberg. “The U.S. Attorney’s office has not made any claims or allegations against us or Mr. Icahn,” Icahn Enterprises L.P. said in its filing.

 

The U.S. Attorney’s office declined to comment on the scope of the probe, but Icahn LP said in its filing that investigators want “information pertaining to our and Mr. Icahn’s activities relating to the Renewable Fuels Standard and Mr. Icahn’s role as an advisor to the President.”

 

Icahn did not immediately return a call for comment but when he resigned, he denied any conflict.

Written By: Tommy Lightfoot Garrett
Photographs are Courtesy:  AP
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