Short-seller Hindenburg accuses corporate raider Carl Icahn of a “ponzi-like” corporate setup

Photo of Carl Icahn (Credit: Heidi Gutman—CNBC/NBCU Photo Bank/NBCUniversal via Getty Images))

Feared short-seller Hindenburg Research has a new target in its sights, and this time it’s no less than one of the role models for Gordon Gekko himself.

The firm is going after Carl Icahn, a legendary activist investor who's been around for decades. Director Oliver Stone borrowed heavily from the real-life titan to create his fictional "greed is good" corporate raider, immortalized by Michael Douglas in the film Wall Street.