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Irregular Trading in Heinz Stock. Related to John Kerry or

by James Denison / February 19, 2013 10:05 AM PST

Warren Buffet? I sorta doubt Kerry would be foolish enough to be involved in this, but then I think of Martha Steward and realize, it's possible. Buffet wouldn't even bother with 2 million, especially not his firm being a principle in this takeover.

Heinz irregular options trading one day before buyout offer.

WASHINGTON (MarketWatch) - The Federal Bureau of Investigation is participating in a probe of suspicious H.J Heinz Co.


HNZ
-0.11%



option trades made before Berkshire Hathaway Inc.'s


BRK.A
+1.57%






BRK.B
+1.25%



takeover offer of the food company, according to an FBI statement. "The
FBI is aware of the trading anomalies the day before Heinz's
announcement. We are consulting with the SEC to determine if a crime was
committed," said FBI spokesman Peter Donald. The SEC on Friday received
a court order freezing a Zurich, Switzerland account on suspicions of
insider trading in the takeover of H.J. Heinz. The SEC alleges that
options traders made a profit of more than $1.7 million from knowing
that Berkshire Hathaway and 3G Capital were going to buy Heinz for $28
billion, or $72.50 a share.

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Kerry wouldn't bother either since it's less than 1% of his
by Ziks511 / February 19, 2013 11:58 AM PST

net worth.

Rob

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I don't think he's that foolish either
by James Denison / February 19, 2013 2:37 PM PST

At least not on that subject. I'd suspect a phone tap somewhere or an inside leak looking for a kickback on it.

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