Billionaire Warren Buffett has thrown his weight behind political candidates in the past, but the “Oracle of Omaha” is sitting this election out.

“In light of the increased usage of social media, there have been numerous fraudulent claims regarding Mr. Buffett’s endorsement of investment products as well as his endorsement and support of political candidates,” the Berkshire Hathaway chairman and CEO’s office said in a statement posted to the holding company’s website.

“Mr. Buffett does not currently and will not prospectively endorse investment products or endorse and support political candidates,” the statement added.

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The statement did not reveal which fraudulent claims have been circulating, but tamped down speculation that Buffett, a Democrat, might endorse Vice President Kamala Harris against former President Donald Trump for the 2024 presidential election.

Buffett has been critical of Trump in the past and backed Hillary Clinton over …

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