Tag: Bill Ackman

The short-sellers behind Hindenburg Research have struck again and, this time, found a very prominent victim. The target of their revelations is the company of legendary corporate raider and activist investor Carl Icahn. Icahn Enterprises (IEP) is an $18 billion market cap holding company. Icahn and his son Brett own approximately 85% of the company. The company's shares have lost more than 36% since the Hindenburg revelations.

FinTelegram has always argued that payment processors are liable for their clients' crimes if they knowingly and wilfully facilitate them. A U.S.judge ruled Friday that Visa helped Pornhub “monetize child porn” a decision that could have long-lasting implications for credit card networks and payment processors. The court denied Visa’s motion to be dismissed from a lawsuit against Pornhub operator MindGeek. The ruling states that there was enough evidence to show Visa knowingly facilitated the crime by providing tools to complete the crime” of distributing child pornography.