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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