Coda to a massive scandal: Two Kraft executives charged in accounting scheme
CNN
Kraft Heinz and two of its former high-ranking executives settled charges with the Securities Exchange Commission, which found the company engaged in a "years-long accounting scheme" involving falsified supplier contracts.
The Securities and Exchange Commission announced the formal charges and the settlement on Friday after a long-running regulatory investigation that Kraft disclosed in 2019. The company will pay $62 million as part of the settlement. The SEC alleges that from the last quarter of 2015 to the end of 2018, Kraft "engaged in various types of accounting misconduct" — including faking supplier contracts to get discounts that the company hadn't earned — to ultimately make their financials look better to analysts and investors.
National Guard troops deployed to Washington, DC, can remain there for now, after a federal appeals court on Thursday temporarily froze a judge’s ruling that would have soon required them to leave the city’s streets.
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A new poll shows more than 70% of Republicans with Obamacare coverage don’t want their enhanced premium subsidies to expire.