The $12 Billion SCAM Which No One Saw Coming – Luckin Coffee Fraud Explained

We explain the Luckin Coffee fraud in this video. Luckin Coffee is a high-end coffee shop in China. It went public on the New York Stock Exchange in 2019 and peaked at a valuation of $9 billion. However, it was discovered that a significant amount of their revenue was fraudulent. They were delisted from the NASDAQ in early 2020 after being discovered as a fraud.

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