Cost savings gone wrong
https://www.sec.gov/news/press-release/2021-174
https://www.sec.gov/litigation/admin/2021/33-10977.pdf
SEC Charges The Kraft Heinz Company and Two Former Executives for Engaging in Years-Long Accounting Scheme
Re: SEC Charges The Kraft Heinz Company and Two Former Executives for Engaging in Years-Long Accounting Scheme
Sounds like something that was always going to run out of time eventually.... bad luck for the bean beancounters.