Canonical · Fraud & Short Cases · Report
Luckin Coffee (Anonymous Report)
Muddy Waters / Carson Block · 2020
"Luckin Coffee fabricated sales figures; the growth story is a fraud."
In 2020, Muddy Waters received an anonymous 89-page report proving that Luckin Coffee, China's answer to Starbucks, was fabricating hundreds of millions of dollars in sales. The stock collapsed 80% shortly after.
Read more about the topic
Up NextSuggested: Continues the theme of Fraud & Short Cases
Enron Short Thesis
"Enron's returns didn't cover its cost of capital and its accounting was opaque; the equity was worthless."
Jim Chanos / Kynikos · ResearchContinue→