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The SEC’s Division of Enforcement has submitted a proposed plan of distribution in the matter of The Kraft Heinz Co. and Eduardo Pelleissone. Kraft Heinz engaged in various types of accounting misconduct through a failure in financial controls, from the last quarter of 2015 to the end of 2018.
Resulting in the payment of $12,500.00 in disgorgement, $1,711.31 in prejudgment interest, and $62,300,000.00 in civil money penalties. Money that will be placed in Fair Fund under the jurisdiction of the SEC.
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