Federal law enforcement officials executed a search warrant Thursday morning at Caterpillar's corporate headquarters in downtown Peoria.
"Caterpillar is cooperating," company spokeswoman Corrie Heck Scott said in an email. She declined to comment further.
Law enforcement officials were active in other Caterpillar facilities in the Peoria area, including East Peoria and Morton, said Sharon Paul, a spokeswoman for the U.S. attorney's office for the Central District of Illinois.
Agencies present included the Internal Revenue Service's Criminal Investigation Division, the Office of Export Enforcement at the U.S. Department of Commerce's Bureau of Industry and Security, and the Federal Deposit Insurance Corp.'s Office of Inspector General, Paul said.
Likely about CAT's shady tax deals they've been pulling.
CAT has suffered like 40 consecutive months of declining sales, and they have been keeping the stock afloat with some creative tax and accounting gimmicks. . . .
. . . . like a lot of other corps.
By the end of next week CAT will be up, it is now illegal for stocks to drop on bad news