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What will be the total amount of penalties Carl Icahn will pay to the SEC by the end of 2024?
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Resolution / Starting Odds
No additional penalties • 25%
Up to $5 million • 25%
$5 million to $10 million • 25%
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Official announcements and press releases from the SEC
Story
SEC Charges Carl Icahn for Undisclosed Stock Pledges, $2 Million Settlement
Aug 19, 2024, 01:15 PM
The U.S. Securities and Exchange Commission (SEC) has charged billionaire investor Carl Icahn and his firm, Icahn Enterprises L.P., for failing to disclose pledges of the company's securities as collateral for billions in personal loans. The SEC's investigation revealed that Icahn and his firm did not make the necessary disclosures regarding the use of company securities to secure personal margin loans. As a result, Icahn and Icahn Enterprises have agreed to settle the charges by paying $2 million in penalties, with Icahn Enterprises paying $1.5 million and Carl Icahn personally paying $500,000.
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Less than $10 million • 25%
$10 million to $50 million • 25%
$50 million to $100 million • 25%
More than $100 million • 25%
SEC • 25%
DOJ • 25%
Private Lawsuit • 25%
No additional legal action • 25%
Accepted as is • 33%
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Rejected • 33%
Less than $10 million • 25%
$10 million to $50 million • 25%
$50 million to $100 million • 25%
More than $100 million • 25%
Under $500 million • 25%
$500 million - $1 billion • 25%
$1 billion - $2 billion • 25%
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Less than $100M • 25%
$100M - $300M • 25%
$301M - $454M • 25%
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No financial penalty • 25%
Less than $100 million • 25%
$100 million to $500 million • 25%
More than $500 million • 25%
Less than $5 million • 25%
$5 million to $10 million • 25%
$10 million to $20 million • 25%
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Less than $200 million • 25%
$200 million to $400 million • 25%
More than $400 million • 25%
No penalty • 25%
