probe

Report: SEC Probing Public Firms That Received PPP Funds
Report: SEC Probing Public Firms That Received PPP Funds
May 28, 2020  |  Loans

The U.S. Securities and Exchange Commission (SEC) has launched an investigation into publicly traded companies that received COVID-19 stimulus funds, Bloomberg News reported. Agents are...

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Luckin Coffee CEO and COO Fired After Fraud Probe
Luckin Coffee CEO and COO Fired After Fraud Probe
May 12, 2020  |  Personnel

An internal investigation into alleged fraud at Luckin Coffee Inc. has led to the firing of several top executives at the Beijing, China-based java giant,...

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Indian Court Pressed To Restart Antitrust Probe Of Amazon, Flipkart
Indian Court Pressed To Restart Antitrust Probe Of Amazon, Flipkart
April 07, 2020  |  ANTITRUST

A group of Indian retailers is appealing a court order that put an antitrust probe of Amazon and Walmart-owned online retailer Flipkart on hold, according...

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DOJ Price Probe Eyes Amazon Sellers
DOJ Price Probe Eyes Amazon Sellers
March 19, 2020  |  Amazon

Amazon is making shoppers aware of a probe from the Department of Justice into third-party merchants on its marketplace, Reuters reported. The firm reportedly informed...

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Wirecard Says Audit Finds No Account Manipulation
Wirecard Says Audit Finds No Account Manipulation
March 13, 2020  |  Security & Fraud

German payments company Wirecard said that an auditing firm it hired found no evidence of account manipulation, according to a report by Reuters.  Auditing firm...

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AML Probe Into Swedbank Turns Up $4.8M In Possible Violations
AML Probe Into Swedbank Turns Up $4.8M In Possible Violations
March 11, 2020  |  Security & Fraud

The Swedbank anti-money laundering (AML) probe by the law firm Clifford Chance has uncovered 586 transactions totaling roughly $4.8 million in possible U.S. sanction violations,...

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Japan’s FTC Raids Rakuten Over Merchants’ Shipping Complaints
Japan’s FTC Raids Rakuten Over Merchants’ Shipping Complaints
February 10, 2020  |  ANTITRUST

The Japan Fair Trade Commission (JFTC), the country’s antitrust watchdog, searched the Tokyo headquarters of eCommerce giant Rakuten on Monday (Feb. 10) over complaints about...

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EU Seeks Internal Facebook Records Amid Antitrust Probe
EU Seeks Internal Facebook Records Amid Antitrust Probe
February 06, 2020  |  ANTITRUST

Antitrust investigators from the European Union (EU) have requested internal records from Facebook as its investigation into the tech giant intensifies, The Wall Street Journal...

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DOJ Takes Aim At Google Ad Tools Amid Antitrust Investigation
DOJ Takes Aim At Google Ad Tools Amid Antitrust Investigation
February 05, 2020  |  ANTITRUST

Google ad tools have taken center stage in the Justice Department’s antitrust investigation of the search giant. As part of the probe, the DOJ talked...

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