All posts tagged "Fraud"
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65Top NewsInvestors in Luckin Stock Need to Wake up and Smell the Coffee
From: investorplace.com While Luckin Coffee has ousted the executive team that was in charge when the fraudulent accounting took place, big question...
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109Top NewsLuckin Coffee Ousts Chairman Lu, Names Guo As CEO
Earlier this month, the China-based coffee chain wound up an internal probe into fake annual sales of about $300 million, following which...
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186Top News
New Details Emerge About Luckin Coffee Short Seller’s Takedown
The e-mail suggested Luckin Coffee is engaging in fraud and cited firsthand checks of more than 1,500 individuals at 15% of Luckin's more...
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179For Roasters & RetailersA Reddit Trader Claims They Lost Their Entire Life Savings When Luckin Coffee’s Stock Tanked
A Reddit user with a somewhat vulgar screen name shared a screenshot on Wednesday of a 95% loss on the Chinese coffee chain's stock....
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187Top News
Luckin Coffee’s Troubles May Just Be Getting Started After Revealing Financial Investigation
Luckin Coffee, a fast-growing coffee chain aiming to overtake Starbucks in China, could be forced to restructure or downsize after the company...
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183Top News
Luckin Coffee Stock Plunges After Company Suspends COO, Alleges Fake Transactions
China’s Luckin Coffee (ticker: LK) saw its stock plunge about 80% at Thursday’s open after its board alleged that a top executive fabricated millions...
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205Top NewsMichael Avenatti Charged With Embezzlement, Fraud
From patch.com Trump foe and celebrity lawyer Michael Avenatti was arrested Monday on federal charges of wire and bank fraud, embezzling from...