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August 20, 2016 05:37 am GMT
The Securities and Exchange Commission has opened a preliminary inquiry into Hampton Creek after it was accused of running a secret project to buy up its own mayonnaise product from stores. Bloomberg, which first reported the news of the buybacks, now says the agency is looking at whether the startup inappropriately counted revenue from these purchases made with company money. The scheme is… Read More
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/uvshpoTEmvU/
SEC looks into Hampton Creeks mayo buy back scheme
The Securities and Exchange Commission has opened a preliminary inquiry into Hampton Creek after it was accused of running a secret project to buy up its own mayonnaise product from stores. Bloomberg, which first reported the news of the buybacks, now says the agency is looking at whether the startup inappropriately counted revenue from these purchases made with company money. The scheme is… Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/uvshpoTEmvU/
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