Luckin Coffee Finds $300M in Revenue Fraud
Luckin Coffee announced Wednesday that an internal investigation of its financial misconduct found the company inflated its 2019 net revenue by approximately 2.12 billion yuan ($300 million).
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Luckin Coffee Deposes CEO and COO Amid Sales Fraud Investigation
Chinese coffeehouse chain Luckin Coffee fired its CEO and COO amid an investigation into the company’s accounting scandal.
5/13/20202 min read