Carl Icahn Loses $420 Million In One Day

Carl Icahn had a bad day Monday, losing an estimated $420 million according to a report in Forbes.

The loss stems from a 4% drop in the stock of Icahn Enterprises LP (NASDAQ:IEP) that was based on revelations in the Wall Street Journal on Friday that Carl Icahn may be at the center of an insider trader case involving golfer Phil Mickelson and infamous professional gambler Billy Walters.

Golfer approached by FBI after round at Memorial golf tournament

The Journal reported that Thursday Mickelson, fresh of finishing a round of golf in...