Lionsgate’s Carl Icahn Under Investigation By The FBI

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Lionsgate’s Carl Icahn Under Investigation By The FBI

June 11. 2014

Carl Icahn

One of Lionsgate Films largest shareholders, Carl Icahn, is under investigation by the FBI for insider trading. The FBI made the announcement after the deadly Santa Barbara UCSB shooting that left 7 people dead. The investigation is ironic, as Elliott Rodger, the Santa Barbara mass murderer, who is the son of “Hunger Games” Liongate assistant film director, Peter Rodger, is being studied and investigated in death by the FBI as well.

Elliot Rodger

The New York Times is reporting, "Mr. Mickelson has insisted that he has done nothing wrong, as have the other subjects of the most prominent insider trading investigation since Martha Stewart: the sports gambler William T. Walters and Carl C. Icahn, the billionaire shareholder activist and former corporate raider." I can testify firsthand, there is a significant amount of financial fraud taking place at Lionsgate, involving very large sums of money. It's a risk to shareholders.

STORY SOURCE

A Risk-Taker’s Game: Insider Trading

JUNE 6, 2014 - It’s probably safe to say that Phil Mickelson didn’t offer a fist bump or a tournament ball, as he often does for fans, when two F.B.I. agents confronted him outside the locker room at Muirfield Village Golf Club in Dublin, Ohio, last month. But neither did he break down in tears, as did Mathew Martoma, the former SAC Capital trader convicted of insider trading this year, when the F.B.I. first confronted him on his front lawn…

Mr. Mickelson has insisted that he has done nothing wrong, as have the other subjects of the most prominent insider trading investigation since Martha Stewart: the sports gambler William T. Walters and Carl C. Icahn, the billionaire shareholder activist and former corporate raider. …

http://www.nytimes.com