CBP seizes more than $19M of cocaine found inside a pineapple shipment: officials

Customs and Border Protection (CBP) announced Friday that cocaine valued at more than $19 million was seized after being discovered inside a shipment of pineapples. The cargo of fruit came from Colombia and arrived at the Savannah seaport in Georgia in November; it was intercepted by CBP Office of Field Operations (OFO) officers and underwent an examination, the agency said in a news release. Hidden within the shipment was 450 packages that weighed more than 1,100 pounds, according to officials. “A subsequent field test confirmed that the packages contained cocaine,” CBP said. Authorities are investigating the drug haul, which netted an estimated $19.1 million, the news release said. It was hailed by Savannah CBP Area Port Director Lisa Beth Brown as “an outstanding interception of narcotics by our CBP officers.”

https://www.foxnews.com/us/cbp-seizes-more-than-19m-of-cocaine-found-inside-a-pineapple-shipment-officials.amp

Kraft Heinz: Writedown And SEC Probe Are Actually Worse Than They Look

Kraft Heinz (KHC) has left investors shocked after reporting a big loss in Q4 2018, fueled by a staggering $15.4 billion writedown to a number of its brands. The company also disclosed an investigation by the SEC into its accounting practices. The market sent shares tumbling in the wake of the news. A few intrepid investors have suggested buying the dip, but we are not so sure. Indeed, the world's fifth-largest food and beverage company may very well unsettle investors' stomachs even further. A closer inspection of both the writedown and the SEC investigation suggests that things may actually be worse than they already appear to be.

Not Your Average Writedown On the grounds of sheer size alone, the Kraft Heinz writedown is noteworthy. At $15.4 billion, it is the seventh largest impairment since 2009. The writedown came from two sources: $8.3 billion from an intangible asset writedown of the Kraft and Oscar Mayer brands and $7.1 billion from a goodwill impairment to its North American refrigerated and retail business. But size is not the issue here. The reason this writedown is so unusual is that it appears to have come virtually out of nowhere. Kraft Heinz conducts regular assessments of its various business units, including annual impairment testing. This leads to fairly regular recognition of impairment of goodwill, with the attendant adjustment to the balance sheet. Kraft Heinz conventionally performs its main impairment testing during the second quarter of each year, and 2018 was no exception. When the company reported Q3 earnings, it recognized considerable impairment costs.

https://seekingalpha.com/article/4243551-kraft-heinz-writedown-sec-probe-actually-worse-look

Kraft Heinz SEC Doc Snippet

https://www.sec.gov/Archives/edgar/data/1637459/000163745918000124/form10-qq32018.htm

Note a Subsidiary in Venezuela

>>5355649

Think Clinton and company changed tactic's from mango to pineapples..kek. She had an email thread discussing a shipment of mango being brought to the country.