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1. www.sec.gov › news › press-releaseLuckin Coffee Agrees to Pay $180 Million Penalty to Settle ...

   www.sec.gov › news › press-release

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   Dec 16, 2020 · Luckin Coffee, a Chinese-based company that sold coffee online, has agreed to pay a $180 million penalty to settle charges of defrauding investors by materially misstating its revenue, expenses, and net operating loss. The SEC alleges that Luckin fabricated more than $300 million in retail sales and concealed the fraud by inflating its expenses and altering its financial statements.

2. sevenpillarsinstitute.org › case-study-luckinCase Study: Luckin Coffee Accounting Fraud - Seven Pillars ...

   sevenpillarsinstitute.org › case-study-luckin

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   Aug 27, 2021 · The web page describes the case of Luckin Coffee, a Chinese coffee retailer, that was accused of fabricating its revenue, expenses, and net loss to deceive investors. It involves the core parties, events, and financial misconduct in the case of Securities and Exchange Commission vs Luckin Coffee. The web page also provides some background information on the market share of coffee sales in China and the role of short-sellers.

3. www.sec.gov › litigation › litreleasesSEC.gov | Luckin Coffee Inc.

   www.sec.gov › litigation › litreleases

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   Dec 16, 2020 · No. 1:20-cv-10631 (S.D.N.Y. filed Dec. 16, 2020) The Securities and Exchange Commission today charged China-based company Luckin Coffee Inc. with defrauding investors by materially misstating the company's revenue, expenses, and net operating loss in an effort to falsely appear to achieve rapid growth and increased profitability and to meet the ...

4. Videos

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     Luckin Coffee Fraud Explained

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     Luckin Coffee Fraud Explained

     Oct 19, 2023

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     How Luckin Coffee Defrauded $864 Million

     Nov 19, 2021

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5. www.cnbc.com › 2020/12/17 › chinas-luckin-coffee-toChina's Luckin Coffee to pay $180 million penalty to settle ...

   www.cnbc.com › 2020/12/17 › chinas-luckin-coffee-to

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   Dec 17, 2020 · People wearing face masks walk by a Luckin Coffee store on June 29, 2020 in Yichang, Hubei Province of China. Luckin Coffee has agreed to pay a $180 million penalty to settle accounting fraud ...

6. www.marketwatch.com › story › luckin-coffee-chargedLuckin Coffee charged with fraud, to pay $180 million in ...

   www.marketwatch.com › story › luckin-coffee-charged

   Dec 16, 2020 · Luckin Coffee, which had been under investigation for months, has agreed to pay a $180 million fine to settle the charges without admitting or denying the allegations, the SEC said. The settlement ...

   • Email: cassis@marketwatch.com

7. www.reuters.com › business › retail-consumerLuckin Coffee in $175 mln class action settlement over ...

   www.reuters.com › business › retail-consumer

   Oct 26, 2021 · NEW YORK, Oct 26 (Reuters) - Luckin Coffee Inc (LC0Ay.MU), reached a $175 million settlement of shareholder class-action claims that the Chinese rival to Starbucks fraudulently inflated its share ...

8. People also ask

   Did Luckin Coffee pay a $180 million penalty for accounting fraud?

   • People wearing face masks walk by a Luckin Coffee store on June 29, 2020 in Yichang, Hubei Province of China. Luckin Coffee has agreed to pay a $180 million penalty to settle accounting fraud charges for “intentionally and materially” overstating its 2019 revenue and understating a net loss, U.S. regulators said on Wednesday.

   China's Luckin Coffee to pay $180 million penalty to settle fraud case

   www.cnbc.com/2020/12/17/chinas-luckin-coffee-to-pay-180-million-penalty-to-settle-fraud-case.html

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   Did Luckin Coffee defraud investors?

   • The Securities and Exchange Commission today charged China-based company Luckin Coffee Inc. with defrauding investors by materially misstating the company’s revenue, expenses, and net operating loss in an effort to falsely appear to achieve rapid growth and increased profitability and to meet the company’s earnings estimates.

   SEC.gov | Luckin Coffee Agrees to Pay $180 Million Penalty to Settle

   www.sec.gov/news/press-release/2020-319

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   What is Luckin Coffee accused of?

   • A Luckin Coffee store in Beijing in 2019. U.S. securities regulators on Wednesday charged Luckin Coffee Inc. with accounting fraud, alleging that the company, a major Starbucks Corp. competitor in China, fabricated sales and misstated other financial metrics in order to make itself look better to investors.

   Luckin Coffee charged with fraud, to pay $180 million in

   www.marketwatch.com/story/luckin-coffee-charged-with-fraud-to-pay-180-million-in-settlement-sec-says-11608159177

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   What is Luckin Coffee's settlement with the SEC?

   • Luckin Coffee, which had been under investigation for months, has agreed to pay a $180 million fine to settle the charges without admitting or denying the allegations, the SEC said. The settlement is subject to court approval.

   Luckin Coffee charged with fraud, to pay $180 million in

   www.marketwatch.com/story/luckin-coffee-charged-with-fraud-to-pay-180-million-in-settlement-sec-says-11608159177

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9. www.ft.com › content › 86b3aa82/3088/4e4c-9fefPainful lessons from the Luckin Coffee scandal - Financial Times

   www.ft.com › content › 86b3aa82/3088/4e4c-9fef

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   Apr 8, 2020 · Painful lessons from the Luckin Coffee scandal on x ... To make up numbers is to take a step across a red line into accounting fraud. Yet the line in private markets, pre-listing, tends to be more ...