Tag: #Falsified Accounts

Showing 3 of 3 posts with this tag

China Securities Regulatory Commission Begins Luckin Coffee Investigation

The CSRC has sent an investigative team to inquire into fraud allegations against Luckin Coffee. Several auditors are currently inspecting Luckin’s financial situation.

4/27/20202 min read

#Investment #Falsified Accounts

Industry

China's Investors Take Luckin Coffee to Court for Painful Stock Loss

Lawsuit filed by China's domestic investors against Luckin Coffee's fabricated sales fraud has been proceeding by Xiamen Intermediate People's Court.

4/23/20202 min read

#Coffee Shop #international investigation

Industry

Luckin Coffee Issues Official Apology Regarding Alleged Fraud

Luckin Coffee issued an official apology statement on Weibo regarding the recent fraud allegations that saw the company’s stock dip nearly 80%.

4/7/20202 min read

#international investigation #Falsified Accounts