Goldman Sachs pays $3.9bn to settle 1MDB scandal

Linda J. Dodson

Goldman Sachs will pay $3.9bn (£3.3bn) to Malaysian authorities following a massive fraud in which the country’s sovereign wealth fund was allegedly raided to buy Picasso paintings, jewellery and a mega-yacht. The settlement ends a long-running investigation over Goldman’s role raising money for the scandal-hit 1MDB fund in 2013. It […]

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 […]