For more crisp and insightful business and economic news, subscribe to The Daily Upside newsletter. It's completely free and we guarantee you'll learn something new every day.

"Those regulations are more like guidelines than actual rules, Mr. Prosecutor," is a bold defense.

On Wednesday, the investment company of billionaire financier Carl Ichan disclosed it's being investigated by federal prosecutors after a short-seller report accused Icahn Enterprises of inflating the value of its assets. In other words, market manipulation. In other other words, illegal.

Continue reading

Source Fool.com