Investor and former regulatory advisor Carl Icahn dumped $31.1 million of stock in a Wisconsin company that relies heavily on steel to make its products last week, days before President Donald Trump said he’d impose stiff tariffs on steel imports.
…The billionaire investor and longtime confidant of Mr. Trump started selling the stock on Feb. 12, according to the filing dated Feb. 22. Icahn began selling before Commerce Secretary Wilbur Ross released a report Feb. 16 that called for a 24 percent tariff.
…Icahn resigned from his post as a “special adviser” to the president in August, ahead of a New Yorker article describing how he used his White House position to shield his investments, from which he had not detached himself before taking the job.
If it isn’t illegal insider trading, it’s still shady AF.