Luckin boss to face fraud charges in China: source

Linda J. Dodson

Lu Zhengyao, chairman of scandal-ridden Luckin Coffee Inc., is likely to face criminal charges in China after authorities discovered emails in which he instructed colleagues to commit fraud, a source close to domestic regulators told Caixin. China’s top market watchdog and the Ministry of Finance have found evidence that Luckin, […]

Luckin Coffee fires top executives over fraud scandal

Linda J. Dodson

NEW YORK — Luckin Coffee has removed its CEO Jenny Qian Zhiya and chief operating officer Liu Jian from their posts, the company said Tuesday, following a flight of investors and company insiders over a high-profile accounting scandal. The termination of the two C-suite executives, along with their resignation from Luckin’s board, comes a little over […]

Bad beans: Luckin fires top executives over fraud scandal

Linda J. Dodson

NEW YORK — Luckin Coffee has removed its CEO Jenny Qian Zhiya and chief operating officer Liu Jian from their posts, the company said Tuesday, following a flight of investors and company insiders over a high-profile accounting scandal. The termination of the two C-suite executives, along with their resignation from Luckin’s board, comes a little over […]

How to withstand ad fraud in the CTV environment

Linda J. Dodson

The following is a guest post from Anna Kuzmenko, COO at Fiksu DSP. Opinions are the author’s own. Lockdowns caused by the current COVID-19 pandemic have dramatically altered everyday life. This change reinforces the position of connected TV (CTV) and over-the-top (OTT) as primary means of entertainment for thousands of […]

Recent CTV ad fraud scheme could be biggest ever

Linda J. Dodson

Dive Brief:  At its peak in January, a bot network scheme called Icebucket impersonated more than 2 million people and generated 1.9 billion ad requests — or 28% of total volume — on programmatic platforms for connected TV (CTV), per a blog post shared by White Ops with Marketing Dive. The cybersecurity and ad […]