Luckin Coffee agreed to pay US$180 million to settle accounting fraud accusations by US regulators in a scandal that led to its delisting. PHOTO: Bloomberg Luckin Coffee agreed to pay US$180 million to settle accounting fraud accusations by US regulators in a scandal that led to its delisting. PHOTO: Bloomberg
Luckin Coffee agreed to pay US$180 million to settle accounting fraud accusations by US regulators in a scandal that led to its delisting. PHOTO: Bloomberg

Luckin Coffee to pay US$180 million to settle SEC charges of accounting fraud as it inflated numbers to rival Starbucks

  • Luckin Coffee agrees to settlement without admitting or denying wrongdoing
  • SEC said Luckin Coffee fabricated more than US$300 million in sales between April 2019 and January 2020

Topic |   Accounting and Auditing
Luckin Coffee agreed to pay US$180 million to settle accounting fraud accusations by US regulators in a scandal that led to its delisting. PHOTO: Bloomberg Luckin Coffee agreed to pay US$180 million to settle accounting fraud accusations by US regulators in a scandal that led to its delisting. PHOTO: Bloomberg
Luckin Coffee agreed to pay US$180 million to settle accounting fraud accusations by US regulators in a scandal that led to its delisting. PHOTO: Bloomberg
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