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Violation Tracker Individual Record

Company: Kraft Heinz Company
Current Parent CompanyKraft Heinz
Parent at the Time of the Penalty Announcement subscribe to see this data field
Penalty: $62,000,000
Year: 2021
Date: September 3, 2021
Offense Group: financial offenses
Primary Offense: accounting fraud or deficiencies
Violation Description: Kraft Heinz Company agreed to pay $62 million to resolve allegations that it engaged in a long-running expense management scheme that resulted in the restatement of several years of financial reporting.
Level of Government: federal
Action Type: agency action
Agency: Securities and Exchange Commission
Civil or Criminal Case: civil
HQ Country of Current Parent: USA
HQ State of Current Parent: Illinois
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: food products
Specific Industry of Current Parent: food products
Source of Data(click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.