Billionaire Carl Icahn’s holding company said on Wednesday that it was contacted by US prosecutors, and it posted a surprise quarterly loss, sending its shares down 15 percent in the latest blow to the activist investor’s efforts to defend his empire from a wave of short selling days after a report by Hindenburg Research.It was not yet clear whether the interest from United States federal prosecutors was related to Hindenburg’s allegations that Icahn Enterprises LP (IEP) inflated the value of its holdings and ran a “Ponzi-like” scheme to pay its dividend.Still, it was a setback for Icahn, a pioneer of shareholder activism who is noted for dressing down companies over their governance and transparency, but has not fielded such scrutiny himself.
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