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Starbucks drops after adjusting its revenue-reporting practices amid SEC scrutiny

Starbucks is one of many US companies that the SEC has asked about revenue-recognition practices since 2018, when new accounting guidelines began.

WeWork paid its own CEO $5.9 million to use the name ‘We,’ but now he’s giving it back after the deal was criticized

In what WeWork describes as an "unwinding," its CEO has agreed to pay back the $5.9 million he was paid for rights to the word "we."

Deutsche Bank reaches $16 million settlement over SEC lawsuit alleging it preferentially hired relatives of Russian and Chinese officials

The hires revealed in the filing are related to Chinese and Russian officials, several of which work for state-owned enterprises.

From selling literal snake oil to a frat house Ponzi scheme, these are the 9 strangest scams of the last year

A lot of scams have been investigated in the last year. INSIDER reviewed court documents to find the strangest ones.

A Disney whistleblower is accusing the company of overstating its revenue by billions

A former senior accountant told the SEC that Disney recorded non-existent sales from giveaways and inflated gift-card revenues.

Warren Buffett-backed Kraft Heinz just hit a record low after dismal earnings, $1.2 billion charge

Buffett warned reporters in May that "there's something going on" with Kraft's finances. Berkshire Hathaway owns a 27% stake.
Michael Rothenberg

The SEC says former high flying VC Michael Rothenberg misappropriated $19 million from investors, and kept it up even while he was negotiating his set...

The SEC wants the court to order Rothenberg to pay more than $30 million, including a $9 million civil penalty.
Facebook CEO Mark Zuckerberg.

Facebook just had an absolutely wild rollercoaster of a week. Here’s everything that happened.

The Department of Justice, the Federal Trade Commission, and the Securities and Exchange Commission all announced action against the company.
Facebook CEO Mark Zuckerberg.

Facebook hit with additional $100 million fine for ‘misleading disclosures’ about data misuse in wake of Cambridge Analytica scandal

The SEC alleges Facebook knew in 2015 Cambridge Analytica had collected data on millions of users, but didn't disclose the breach until 2018.

Facebook looks set to get stung with another big fine over the biggest scandal in its history

The settlement will contain a fine of over $100 million and allege that Facebook didn't adequately warn investors after Cambridge Analytica.