Uh oh, standby for some very serious allegations about ketchup and Warren Buffett’s company Berkshire Hathaway.
Specifically: The Securities and Exchange Commission said Friday that it had obtained a court order to freeze assets in a Swiss trading account, questioning profits made ahead of the announcement of H.J. Heinz Co.’s $28 billion acquisition by a group including Warren Buffett’s Berkshire Hathaway.
If it turns out Warren Buffet is the insider or he had knowledge of the insider, add him to the list of people who need to stuff a pie in their piehole. The whole we can pay more taxes meme is tiresome. Especially if it turns out he is insider trading. (Although in all fairness to the man, the amount made, less than 2 million clams, is pretty much small potatoes.)