Prosecutors Are Examining Carl Icahn’s Role as Trump Adviser



Carl C. Icahn ended a quick stint as an unpaid adviser to President Trump after questions had been raised a couple of potential battle of curiosity.

Karsten Moran for The New York Times

Federal prosecutors are wanting into the position performed by Carl C. Icahn, the billionaire investor, in advising the Trump administration on regulatory points that had the potential to have an effect on the funds of an organization he owns.

Mr. Icahn stepped down as an unpaid adviser to President Trump in August, after scrutiny from members of Congress about whether or not he was influencing rules on ethanol to profit his monetary investments.

One of Mr. Icahn’s major funding firms, Icahn Enterprises, disclosed in a regulatory submitting on Friday that federal prosecutors in Manhattan had served a subpoena in search of details about “Mr. Icahn’s activities relating to the renewable fuels standard and Mr. Icahn’s role as an adviser to the president.” The submitting stated Icahn Enterprises was cooperating with the prosecutors’ demand for info.

When Mr. Icahn took on the advisory place this yr, critics complained that it was a battle of curiosity as a result of he owns a giant stake in an oil-refinery enterprise known as CVR Energy. Indeed, The New York Times reported in March that Mr. Icahn was urgent for a change in a requirement that refiners be held accountable for making certain that corn-based ethanol is combined into gasoline.

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The Environmental Protection Agency, which oversees that renewable fuels customary, in the end determined to not make adjustments which may have benefited CVR and different small refiners.

Mr. Icahn couldn’t be reached for remark Wednesday.

In the submitting, Icahn Enterprises stated prosecutors working for Joon Kim, the performing United States lawyer for Manhattan, had “not made any claims or allegations against us or Mr. Icahn.”

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