Now The FBI Is Investigating Alleged Insider Trades In Advance Of The Heinz Deal

fbi building

Photo: Wikimedia

The FBI is investigating suspicious trades that occurred just prior to Berkshire Hathaway’s announcement that it was buying Heinz, the New York Times Ben Protess reports.A flurry of unusual options trades were made a day before Berkshire Hathaway and PE firm 3G Capital agreed to buy Heinz.

Last week, the SEC announced it had frozen a Swiss bank account allegedly linked to a $1.7 million gain from the trades.

“The F.B.I. is consulting with the S.E.C. to see if a crime was committed,” an F.B.I. spokesman told Protess. 

Read the full story on NYTimes.com >

NOW WATCH: Money & Markets videos

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.