China’s Luckin Coffee has agreed to pay a $180 million penalty to settle accounting fraud charges, the Securities and Exchange Commission says.
The SEC charged the company with defrauding investors by misstating its revenue, expenses, and net operating loss to appear to have been more profitable and growing faster than it actually was, and to meet the company’s earnings estimates.
The former chief of WorldCom, convicted in one of the largest corporate accounting scandals in U.S...
OYSTER BAY, N.Y. (AP) — Charles Wang, a technology company founder and former owner of the New York Islanders hockey team, died Sunday...
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