Berkshire takes $377 million charge tied to solar company that U.S. linked to fraud

Berkshire takes $377 million charge tied to solar company that U.S. linked to fraudBerkshire said in its first-quarter report on Saturday it had invested $340 million in various tax equity investment funds from 2015 to 2018, before learning that federal authorities had alleged "fraudulent income conduct" by the funds' sponsor. "We now believe that it is more likely than not that the income tax benefits that we recognized are not valid," and took the charge for "uncertain tax positions" related to its investments, Berkshire said. Buffett's assistant Debbie Bosanek confirmed that the charge related to DC Solar.




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