Hindenburg's report accused Carl Icahn of over-valuing its holdings and using a "Ponzi-like" structure to pay dividends. Even though Carl Icahn has dismissed Hindenburg's accusations as “self-serving,” his personal fortunes have taken a hit as IEP's shares dip and its market capitalization falls by 35% to $11.5bn.
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Carl Icahn's empire loses $6 billion in a day after Hindenburg report
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May 03, 2023
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