After grinding investigation, Luckin Coffee confirms $300 million revenue fraud

, the company’s Special Committee, which was tasked with examining claims that the one-time China-based coffee beloved overstated its profits by hundreds of millions of dollars, has returned with its decision. There are contending propositions on who will run Luckin going forward, with the chairman of the board trying to fire the board’s Special Committee, while the rest of the board is attempting to fire the chairman. We’ll be following those developments closely, however I will state this: whoever checked out 550,000 pages of evidence in roughly 3 months deserves … at least $300 million in Luckin Coffee free coupons.

, the business’s Special Committee, which was entrusted with examining claims that the one-time China-based coffee beloved overemphasized its incomes by hundreds of millions of dollars, has actually returned with its decision. There are completing proposals on who will run Luckin going forward, with the chairman of the board trying to fire the board’s Special Committee, while the rest of the board is trying to fire the chairman. We’ll be following those developments carefully, however I will state this: whoever checked out 550,000 pages of evidence in approximately 3 months deserves … at least $300 million in Luckin Coffee free discount coupons. Let’s just hope the board spills even more beans on what is going on here.

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