Thursday, April 12, 2007

Not In The Dog House

Reports of animal illnesses and deaths were first reported to Menu Foods in February as this video of the Menu Foods Press conference shows. Coincidence? I think not.....

The chief financial officer of Menu Foods Income Fund sold nearly half his units in the pet food maker less than three weeks before it announced a massive product recall, according to insider trading reports.

The reports show that Mark Wiens sold 14,000 units for C$102,900 ($89,700) on February 26 and February 27. As of Monday's close of C$4.46, the units would be worth C$62,440.

After the sale, Wiens owned 17,193 units and had options to buy 101,812, the trading reports show.

On March 16, the Mississauga, Ontario, pet food maker recalled 60 million containers of "cuts and gravy" style pet food amid reports of pet deaths due to contamination.


Stock Options
Corporate Crime

White Collar Crime

Criminal Capitalism



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1 comment:

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