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

Rob WileFeb 20, 2013, 03:53 IST

WikimediaThe 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 >