Skip to comments.SEC Freezes Swiss Account Over Heinz Trades
Posted on 02/16/2013 11:02:42 AM PST by LorianneEdited on 02/16/2013 11:08:32 AM PST by Admin Moderator. [history]
The U.S. Securities and Exchange Commission has frozen the assets of a Swiss trading account that allegedly made a series of "highly suspicious" trades reaping about $1.7 million ahead of the blockbuster sale of H.J. Heinz Co.
The regulator's move came one day after Heinz said it was selling itself for $23 billion to Warren Buffett's Berkshire Hathaway Inc. and Brazilian private-equity firm 3G Capital in one of the biggest food-industry acquisitions ever.
(Excerpt) Read more at online.wsj.com ...
Sure laugh if it was Kerry
Buffet buying up a company... Surly that money could be put to better use if he simply wrote a check out to the IRS. He’s been screaming since ‘09 that he isn’t taxed enough.
I’m HOPING it traces back to Kerry!
That’s MY kinda “hope n change”!
If it was Kerry, this will be the last that's ever heard of it and frozen account will be quietly 'thawed.'
According to some other accounts, it was done through a Swiss bank account that the SEC refers to as the “GS account.” The assumption is Goldman Sachs.
Kerry did evidently make something like $650,000 increased value on his stock holdings in Heinz, but it’s not clear whether he was directly involved.
If that corrupt scumbag Democrat Warren Buffett is involved, then the deal stinks to high heaven. Of course, Ubama will find a way to make this little problem go away for his a-hole buddy, Warren, “raise my taxes and everybody else’s taxes, too” Buffett.
On the other hand, this is why the Caymans and Panama and other foreign banks have supplanted the legendary “Swiss Bank Account” as the place to hide money from government.
It’s Berkshire-Hathaway, mostly not his money, he just manages it. He is not personally buying up the company. I guess the regulators think that Buffet is the only one who can recognize a bargain.
LOL Wonder what Teresa is saying? She’s probably to interested in drinking and her bowl of grapes. This woman is seriously whacky.
FYI: Kerry and Heinz had a pre-nup. Was she there for his swearing in?? I’ll have to look...
>>If that corrupt scumbag Democrat Warren Buffett is involved, then the deal stinks to high heaven.
Do you honestly believe that Warren Buffet, someone worth 10’s of billions of dollars setup a Swiss bank account and did front-running on his company’s purchase of Heinz so that he could pocket what is estimated to be $1.7 million in profits?
Its OK to not like WB, but don’t be stupid.
Buffett himself calls his "worth" nothing but paper. So you think an extra $1.7 million cash in is chump change to Buffett? And you believe that estimate in the first place?
Don't be a naive moron.