Author: Mas Harntha

Kraft Settles SEC Charges Over Restatement for $62M, Crenshaw Criticizes Information Bundling

​On September 3, 2021, the SEC charged The Kraft Heinz Company with engaging in a long-running expense management scheme that resulted in the restatement of several years of financial reporting. The SEC also charged Kraft's former Chief Operating Officer Eduardo Pelleissone and its former Chief Procurement Officer Klaus Hofmann for their misconduct related to the scheme.