Tag: insider trading

SEC Investigating Possible Insider Trading in Heinz Buyout

~ Pharmer

SEC Investigating Possible Insider Trading in Heinz Buyout.

Someone grew $90,000 dollars into 1.7 million in a Heinz stock options deal just before the Berkshire Hathaway buyout of the company and the rapid increase in stock value.  This  suspicious deal, involving owners of a Swiss bank account and transacted through Goldman Sachs Bank in Zurich, was deemed suspicious enough by the SEC that they immediately froze the account.

The SEC thought the timing of the call options, and the fact that the account had not traded in Heinz stock within the last six months was just too lucky to be legal.

Looks like insider trading………… who owns that account?   “Enquiring minds want to know”.

It is noted that the new Secretary of State, John Kerry,  and his wife,Teresa Heinz, have also gotten a financial windfall out of the Berkshire Hathaway buyout.

Worlds Biggest Tick Fails to Have Insider Trading Conviction Overturned

~ Pharmer

Soros fails to quash insider trading conviction – FT.com.

No luck with the European Court of Human Rights for George Soros, the World’s Biggest Tick.

They still think he’s a Tick – a parasite, an inside trader. The original case deals with his hedge fund  trade in the stock of Societe Generale, 14 years ago.

There is one last recourse for Soros to dodge the fine for breaking French trading law, and that is an appeal to the grand chamber of the same court.  It’s viewed as an unlikely possibility.