PYMNTS-MonitorEdge-May-2024

investigation

FTC Presses For Testimony From Facebook’s Zuckerberg, Sandberg
FTC Presses For Testimony From Facebook’s Zuckerberg, Sandberg
July 17, 2020  |  ANTITRUST

Facebook Inc’s top executives could be required to testify before the Federal Trade Commission (FTC) as the regulator investigates whether the California-based social media conglomerate...

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Probe Claims Luckin Coffee Chair May Have Known Of Discrepancies
Probe Claims Luckin Coffee Chair May Have Known Of Discrepancies
July 06, 2020  |  Security & Fraud

The head of Luckin Coffee Inc. knew or should have known about the accounting misconduct at the Beijing-based java chain, The Wall Street Journal reported. An internal...

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EU Questions Rivals About Competition Concerns In Google-Fitbit Deal
EU Questions Rivals About Competition Concerns In Google-Fitbit Deal
July 02, 2020  |  ANTITRUST

European regulators are investigating Google’s proposed $2.1 billion takeover of Fitbit, the San Francisco-based wearable technology maker, the Financial Times reported. Consumer and privacy groups have argued...

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Amazon, Google, Facebook, Apple CEOs To Face Congress
Amazon, Google, Facebook, Apple CEOs To Face Congress
July 02, 2020  |  ANTITRUST

The CEOs of the world’s four biggest technology companies will testify later this month before the House Judiciary Committee as lawmakers investigate competition in the...

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Luckin Wraps Probe Into $300M In Fake Coffee Sales
Luckin Wraps Probe Into $300M In Fake Coffee Sales
July 01, 2020  |  Security & Fraud

Luckin Coffee announced on Wednesday (July 1) the completion of an internal probe that blames the company’s former CEO and COO for inflating the embattled...

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Police Raid Wirecard’s Offices In Two Countries
Police Raid Wirecard’s Offices In Two Countries
July 01, 2020  |  Security & Fraud

A team of investigators raided Wirecard AG’s offices in two countries as part of the probe into the 1.9 billion euros ($2.1 billion) that went...

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Former Wirecard Execs Face Criminal Charges In Austria
Former Wirecard Execs Face Criminal Charges In Austria
June 30, 2020  |  Security & Fraud

The Wirecard AG accounting scandal has extended its reach to Austria. A criminal complaint has been filed in a Vienna court against Wirecard’s former CEO...

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DOJ Nearing Decision On Antitrust Suit Against Google
DOJ Nearing Decision On Antitrust Suit Against Google
June 26, 2020  |  ANTITRUST

The U.S. Department of Justice (DOJ) is nearing the end of its antitrust investigation of Alphabet Inc’s Google as it considers whether to charge the...

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UK Watchdog Freezes Wirecard’s Funds During Probe
UK Watchdog Freezes Wirecard’s Funds During Probe
June 26, 2020  |  Security & Fraud

The United Kingdom’s financial watchdog agency has ordered Britain’s Wirecard subsidiary to freeze the German payment company’s funds as regulators determine the next steps, The Wall...

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