Billionaire Carl Icahn, President Donald Trump’s longtime friend and former special adviser, sold $31.3 million in shares of a steel-related company just before Trump announced tariffs on imported steel and aluminum.

Icahn unloaded nearly 1 million shares in crane manufacturer Manitowoc Co. of Wisconsin from Feb. 12 to Feb. 23, according to a filing with the Securities and Exchange Commission first reported by the website Think Progress. Manitowoc relies on steel, and shares in the company fell after Trump announced on Thursday that he plans to impose a 25 percent tariff on steel. The Commerce Department’s report recommending the tariffs was made public Feb. 16.

Icahn told CNBC Thursday that he hadn’t had “much interaction” with Trump in the “past four or five months,” and had no special knowledge of what Trump planned to do or when. But the CNBC question concerned his opinion about market effect, not whether he had any privileged information. Stock trades based on insider information not available to the public are illegal.

Icahn’s selloff represented about one-third of his stake in the company, according to CNBC. Last month’s selloff was his first trading in the company’s shares since January 2015, The Washington Post reported.

Icahn’s stocks sold for between $32 and $34 a share. The shares were worth $26.93 when the market closed Friday.


https://www.yahoo.com/news/trump-pal-carl-icahn-unloaded-121446090.html

What has all this political drivel to do with dating?

Lol

Nothing, not all the forums in this online community are about dating. There are also movie threads, general threads, religion threads, sports threads ... etc ...


When anyone signs up, they can choose whatever topics they want and exclude the others.

One of the dirty problems the US has had for a VERY long time, is that many politicians AND many rich people DO have access to information that they can use for this kind of stock manipulation.

Every now and then, it gets some media attention, some politicians try to advance themselves politically by attacking it, but then everyone goes quiet again without doing anything about it.

Remember a few years back when of all people, Martha Stewart went to jail for this? She didn't do anything that all her other rich friends did every day, but she was careless about it, and did it too openly.

And here we see transference yet again. The people who demand that we IGNORE Icahn's stunts, don't do it because they like cheating everyone. They do it because they want to blindly support "their guy," who in this case,is Trump.

President Trump signaled his intent to impose tariffs on steel before he actually did so.
It was in the US news in case you missed it.

Really ..Well here we go again..gotta love it..While the man did announce his intentions to impose those tariffs and if you take in that If Trump says he wants to do it...seems like a foregone conclusion..that' it might just get done..

..but let the conspiracies fly..

But yet Trump has been talking about raising tariffs on many products since June of 2016...

Humm so think not only did he know Trump was going to do it but the whole world, if they took the time to read what he proposed....

The only reason they are throwing this up is due to many have realized when he says he plans on doing something it is pretty sure he will...

Trump has made it very clear even while he was on the campaign trail running or President that he thought tariffs needed to be raised and put the work back in the US instead of over seas for many products...

http://www.bbc.com/news/world-us-canada-43249614

But yet Trump announced the tariffs on steel and aluminum to everyone..so anyone who had stocks in either one of those had the chance to do the same thing that Icahn..

It's not like they didn't have access to the same information..and could take the same risk..I hardly think that one could come to the conclusion that this was some sort of back room deal where only a few were privy to what was about to come..through insider information..so where's the conspiracy..

Everyone knew of his intentions..He announced it to the whole world...

Exactly. No insider information was needed because it was public knowledge that Trump was going to impose the tariffs even before he officially announced that he would impose them.

Trump is trying to boost American companies, and this guy sold stocks from an American company...

Funny how the liberal leaning crew find this suspicious now, but couldn't or wouldn't find the whole Hillary email incident as just a little coincidental . Trumps been hinting at the need for some tariffs for years now. No insider info going on.

Yes, Presidents often mention 'intentions' just odd coincidence that this fella got in so close to actual 'action'.

as mentioned above, odd timing, being that this fella didnt sell the stock back in 2016 or even 2017, but within the same MONTH that Trump took action.

lol. Its not a 'conspiracy'. The title is "interesting timing" because even IF Trump has been saying since 2016 that steel would have tariffs, this fella didn't happen to unload his stock IN 2016 or even in 2017, but the very month that the Tariff actually took effect.

Was it public knowledge the MONTH he would do it?

Yes, the month before they would be dropping in value ....lol

No. It was nothing 'suspicious' about doing something one was ALREADY doing and that we all do all the time.(deleting emails)

It is suspicious however, that after allegedly INTENDING to do something for two years, that a friend would choose the month you actually TAKE ACTION to dump their stock.

Public gossip about Trump's steel tariff was taking place prior to February 12th.

okay. Still, interesting timing that the sell happened with the 'reality' of a tariff, and not during all the time of 'public gossip'