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November 24, 2022

Luckin Coffee

Accounting Fraud Watch: Luckin Cleans House, Wirecard’s Woes, Ex-Penn West Execs Pay Up

Luckin Coffee sacks CEO, COO for alleged fraud [Reuters] Chinese coffee chain and Starbucks wannabe Luckin Coffee fired its CEO Jenny Zhiya Qian and COO Jian Liu following an internal investigation on the fabrication of annual sales numbers, the company said on May 12. Luckin revealed in April that much of its 2019 sales of […]