🔍Hindenburg Research accuses Carl Icahn's company of significantly inflating the value of its assets.
💰The report questions the legitimacy of IEP's dividend yield, suggesting it is based on false asset valuations.
📉Hindenburg Research claims IEP has been underperforming and has suffered additional losses since the last disclosure.
🔍The report alleges that Icahn's company used money from new investors to pay dividends to old investors, comparing it to a Ponzi-like scheme.
📈Hindenburg Research believes Icahn's excessive leverage and sustained losses may have a negative impact on his overall investment strategy.