Icahn Subpoenaed Over Biofuel Policy, RINS Tumble

This just might spoil what has so far been a strong year for Carl Icahn. Bloomberg is reporting that the FBI has issued subpoenas for information on Carl Icahn’s possible lobbying to change biofuel policy while serving as an informal adviser to President Donald Trump, according to regulatory filings.
Icahn, who briefly served as an adviser to the president and who was once suspected of being a possible pick for Treasury, announced in August that he was no longer serving as an adviser to the president regarding regulatory reform. In his curiously worded letter, he specified that he ‘never had a formal position’ in the White House.
The Attorney’s office for the Southern District of New York is ‘seeking production of information’ pertaining to Icahn’s activities regarding the Renewable Fuel Standard, according to a Form 10-Q that Icahn Enterprises LP filed on Friday with the U. S. Securities and Exchange Commission.
The investigators also want information on Icahn’s role as an adviser to the president, the document says.

This post was published at Zero Hedge on Nov 8, 2017.

Leave a Reply

Your email address will not be published. Required fields are marked *

*