Federal law enforcement agencies, including the IRS, were searching various Caterpillar facilities near Peoria, Illinois Thursday, where the company is headquartered. A company spokesperson confirmed law enforcement was "executing a search warrant" and "Caterpillar is cooperating." The U.S. Attorney's Office for the Central District of Illinois also confirmed its presence at the facilities, but declined to comment on what the search was being conducted for. “The U.S. Attorney's office can confirm that federal law enforcement activity was conducted today in three locations in Peoria, East Peoria and Morton," spokesperson Sharon Paul told NBC Chicago. Video obtained by NBC affiliate WEEK, showed agents wearing IRS jackets at the company's main headquarters. http://www.nbcchicago.com/news/loca...aterpillar-Offices-in-Illinois-415229753.html
It can't be good. The trade has still got to be a good short here at $94. All the headquarters?! Its not like they were going after one person. There's no way this can be taken lightly. Maybe they were working with Trumpy and the Russians.
Hey....I watched season one of Billions. I'm schooled in this stuff. Big trouble in Peoria. Sell Sell Sell.
Ca ching ca ching ca ching With a 31.5 forward PE as I type....its gotta lot of room to fall. FDIC agents too. I didn't even know the FDIC had folks with assault rifles and blue windbreakers. Damn! Better bring in the Post Office agents for back-up.
Wait till the news about why this happened hits the wires. This is a Trump stock. AG Sessions gave the go ahead?! $80 might be generous.
They got subpoenad in 2015 on their subsidiaries. If the IRS and FDIC are raiding, assuming it's tax fraud, money laundering, cooking the books, etc