Home Blockchain News Buffett’s Berkshire Scammed Out of Staggering $340 Million by Solar Ponzi Fraud

Buffett’s Berkshire Scammed Out of Staggering $340 Million by Solar Ponzi Fraud

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By CCN: Berkshire Hathaway, the multinational corporation led by billionaire Warren Buffett, posted a $377 million first-quarter charge for investment losses related to a solar Ponzi scheme. Berkshire invested $340 million in Ponzi scheme Berkshire made the disturbing revelations in a regulatory filing during its annual shareholders meeting last weekend. In the filing, the holding company admitted that it was the victim of a massive Ponzi scheme. “In December 2018 and during the first quarter of 2019, we learned of allegations by federal authorities of fraudulent income conduct by the sponsor of these funds.” “We now believe that it is

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* First published on ccn.com

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