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.
