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Tuesday, June 3, 2014

Carl Icahn Loses $420 Million In A Day After Reports Of Insider-Trading Investigation

There have been no charges and no fines, but Carl Icahn is already paying big after reports of a federal investigation into insider trading involving the billionaire investor, sports gambler Billy Walters and golfer Phil Mickelson. Icahn lost an estimated $420 million Monday as stock in his Icahn Enterprises dropped 4%.

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