Posted by: youngragingbull | February 19, 2013

FBI now investigating Heinz trades too

The Federal Bureau of Investigation is participating in a probe of suspicious H.J Heinz Co. option trades made before Berkshire Hathaway Inc.’s 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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