What is Buffett's huge fraud of 5 billion?

Buffett's huge fraud of 5 billion means that the company he bought is suspected of financial fraud and needs to pay the difference of 643 million euros (about 5 billion yuan).

According to foreign media reports, a German manufacturing company named Wilhelhel Schulz is being investigated for fraud recently, because it was suspected of fraud during its acquisition by Buffett's Berkshire Hathaway company, and it needs to pay a difference of 643 million euros (about 5 billion yuan).

It is reported that the company made fake orders and invoices, thus exaggerating the company's income. At least 47 commercial transactions are completely fabricated, and the actual value of the company is only 654.38+57 million euros. 2065438+In February 2007, Buffett's Berkshire Hathaway Company acquired the company for 800 million euros.

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It is reported that Buffett has lost about 350 billion yuan in this year's 1 quarter.

On May 3rd, Buffett's Berkshire Hathaway Company held the 54th shareholders' meeting, at which Buffett announced the financial report for the first quarter of 2020. The financial report shows that the net loss attributable to Berkshire shareholders in the first quarter was 49.7 billion US dollars (about 350.8 billion yuan), setting a historical record.

Among them, on April 2, Buffett completed the reduction of 6.5438+0.3 million shares of Delta Air Lines at a price of $22 per share, which caused Buffett to lose about $23 million.

China Com- Buffett was cheated of 5 billion, and the company was suspected of financial fraud, and it had to pay 643 million euros.