Kraft Heinz hit with $62 million civil penalty - NewsBreak
By Megansoto in Business
Updated 3 years ago
WASHINGTON — The Securities and Exchange Commission charged The Kraft Heinz Co. with "engaging in a long-running expense management scheme" resulting in the reinstatement of three years of financial reporting. The Chicago-based company did not admit to or deny the SEC's findings but agreed to pay a $62 million civil penalty.