Kraft Heinz headquarters in Chicago. Credit: Lacrossewi via Wikimedia Commons Kraft Heinz, Ex-Execs Fined $62.4M for Bogus Cost-Savings Scheme
"Improper expense management practices" and a "pervasive breakdown in accounting controls" opened the door for the alleged misconduct, according to the SEC.
September 03, 2021 at 12:29 PM
2 minute read
Risk and Compliance
The Kraft Heinz Co. has agreed to pay $62.4 million to settle accounting misconduct charges with the Securities and Exchange Commission, while two of the food and beverage company's former executives will pay a total of $400,000 in civil penalties as part of the settlement.
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