U.S. senator asks FBI to probe Icahn over biofuels push

[Eugene]

Source: Reuters

WASHINGTON (Reuters) - A Democratic U.S. senator on Wednesday urged the FBI to investigate whether billionaire investor Carl Icahn broke the law when he called for biofuels policies that would have benefited his investments while serving as an adviser to President Donald Trump.

Senator Tammy Duckworth said Icahn’s guidance to Trump on the federal biofuel program may have created a conflict of interest with the oil refining company CVR Energy Inc (CVI.N), in which he has an 82 percent stake.

“It appears Mr. Icahn potentially violated the principal conflict of interest statute,” by participating in a government matter that affects his financial interests, said Duckworth of ethanol-producing Illinois said in a letter to the FBI, a copy of which was seen by Reuters.

Duckworth said it would set a “dangerous precedent for the FBI to turn a blind eye to suspicious activity” while Icahn was serving as special adviser to the president on regulatory reform.

-snip-

#POLITICS AUGUST 30, 2017 / 2:21 PM / 2 HOURS AGO

Timothy Gardner
2 MIN READ


Read more: http://www.reuters.com/article/us-usa-icahn-senator-idUSKCN1BA2FR

[riversedge]

1. Thank you Senator.

[red dog 1]

2. K&R

Sen. Duckworth is right..it would set a "dangerous precedent for the FBI to turn a blind eye to suspicious activity" while Icahn was serving as special advisor to Trump on regularity reform.

(But don't hold your breath waiting for the FBI to investigate this)

[bucolic_frolic]

3. Biofuels

if that means a product that is refined in to gasoline, might also benefit ownership of Pep Boys and his other auto parts chain because it keeps more petroleum-fired vehicles on the road. Tangential perhaps, but its still there.